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June 08, 2023
PM: 95 percent of new revenue to come from non-Bahamians
NASSAU, BAHAMAS — Prime minister Philip Davis said yesterday that his administration made an "extraordinary" effort to protect Bahamians from any new revenue measures, adding that it was a "deliberate policy choice" that 95 percent of new government revenue in the upcoming fiscal year come from non-Bahamians. While kicking-off the budget debate in Parliament yesterday Prime [...]
June 07, 2023
PM Davis 'confident' that Revenue Outturn will near $2.9 billion
Prime Minister and Minister of àFinance the Hon. Philip Davis said in the House of Assembly, during his Communication on Budget 2023, on May 31, 2023, that public revenue receipts were strong over the nine-month period of July 2022 to March 2023, due to legislative reform, effective policy decisions, strengthened economic conditions and more efficient collection efforts.
June 01, 2023
Government revenue at $2.1 billion for first nine months
Prime Minister touts improvements in the country's financial health NASSAU, BAHAMAS — Government revenue for the first nine months of fiscal year 2022/2023 amounted to $2.1 billion, representing a 14.5 percent increase compared to the previous year and nearly 74 percent of the budget forecast. Total expenditure increased by $145.3 million to a total of [...]
May 31, 2023
PM Davis ‘confident’ that Revenue Outturn will near $2.9 billion
Prime Minister and Minister of Finance the Hon. Philip Davis said in the House of Assembly, on May 31, 2023, that public revenue receipts were strong over the nine-month period of July 2022 to March 2023, due to legislative reform, effective policy decisions, strengthened economic conditions and more efficient collection efforts.
Prime Minister Davis: Total Revenue increased by 14.5 percent over same period the previous year
May 31, 2023
Prime Minister Davis: Total Revenue increased by 14.5 percent over same period the previous year
As he gave a review of fiscal performance during the first three quarters of the 2022/23 fiscal year (July 2022 – March 2023), Prime Minister and Minister of Finance the Hon. Philip Davis noted, on May 31, 2023, that total revenue amounted to $2.1 billion for the first nine months of the fiscal year 2022/23.
Revenue Up, But Debt to Climb
May 31, 2023
Revenue Up, But Debt to Climb
NASSAU, BAHAMAS - The Davis intends to borrow just over $45 million for the remainder of this fiscal year.
May 26, 2023
Inland Revenue Targeting Chronic Delinquents, Says Minister
NASSAU, BAHAMAS - Minister of Economic Affairs, Michael Halkitis, clarifying a recent notice from the DIR which revealed that come June, the department will begin to enforce its right to the power of sale targeting.
May 24, 2023
OP-ED: Revenue demands driving need driving corporate income tax
The government has laid out a very impressive argument for the introduction of corporate taxes in its recently issued Green Paper. It delineates four options which implement a "tiered system with CIT applied only to the largest multinationals in remit of OECD Pillar Two, BLF(Business Licence Fee) for all other firms; Introduce modest CIT for [...]
Hotel occupancy, revenue decliners drop 50 in 2010
February 20, 2011
Hotel occupancy, revenue decliners drop 50 in 2010
By NEIL HARTNELL
Tribune Business Editor
The number of Bahamian hotels reporting revenue and occupancy declines dropped by around 50 per cent in 2010 compared to 2009, the Bahamas Hotel Association's (BHA) president said, with "marginal" occupancy improvements expected to continue in 2011.
Stuart Bowe, responding via e-mail to a series of Tribune Business questions, said of the BHA's 2010 revie...
Revenue concerns persist
February 23, 2011
Revenue concerns persist
With the national economy still struggling to pull itself out of the quicksand that is the global economic downturn, government revenue continues to trail projections.
The Nassau Guardian understands that revenue was roughly $50 million below projections between July 2010 and December 2010 (the first six months of the 2010-2011 fiscal year).
The collections, however, were reportedly in line with ...
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