By NEIL HARTNELL

Tribune Business Editor

The Central Bank of the Bahamas has effectively said that only a concerted medium to long-term effort by the Government, on both the revenue and spending fronts, will "significantly improve" the fiscal deficit and national debt situations, despite a 25.2 per cent reduction in the former to end-March 2011.

Although the fiscal deficit for the first nine months of the 2010-2011 fiscal year was down by $63.9 million at $189.9 million, the Central Bank's latest monthly economic and financial development report for March showed the improvement was driven "by [the] nearly two-fold rise" in non-import Stamp duties to $202.4 million ...

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