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Pintard criticizes government's "U-turn" on cruise passenger tax, warns of revenue projection impact
Pintard criticizes government's "U-turn" on cruise passenger tax, warns of revenue projection impact
NASSAU, BAHAMAS — The Davis administration's recent decision to postpone the implementation of cruise passenger tax increases has created significant disruptions in the government's revenue projections, according to Opposition Leader Michael Pintard. Pintard asserted that the present government's failure to consult with the cruise industry has put at risk the projected $144 million in revenu...
Work In Progress: Venues Get Upgrades for Independence
NASSAU, BAHAMAS - The Ministry of Works is promising to do its part to ensure two major venues for ready for the upcoming Independence events.
Road Traffic Department projects $56 million revenue intake
NASSAU, BAHAMAS — The Road Traffic Department is expected to remain a significant contributor to the government's revenue, with projected intake for the 2023/2024 fiscal year exceeding $56 million, according to Housing and Transport Minister JoBeth Coleby-Davis. During her budget communication, Coleby-Davis noted that the Department has been allocated over $6.9 million for recurrent expendit...
Bahamasair projects $8 million revenue jump with new jet acquisition
Bahamasair expects to grow its revenue by $8 million as a result of the acquisition of another Boeing 737-700 and the addition of new routes, Minister of Tourism, Investments and Aviation Chester Cooper said yesterday.
Bahamasair revenue projected to increase by approximately $8 million
NASSAU, BAHAMAS – Bahamasair's revenue is projected to grow by as much as $8 million in the coming year due to strategic investments in additional aircraft to expand seat capacity and introduce new routes, according to Deputy Prime Minister Chester Cooper. Cooper, the Minister of Tourism, Aviation, and Investments, highlighted the improved financial performance of [...]
Abaco suffering an electricity crisis causing revenue loss as some tourists cut stay short
Abaco suffering an electricity crisis causing revenue loss as some tourists cut stay short
ABACO residents say they are suffering from an electricity crisis.
Immigration Department collects $80m in revenue ytd; 'largest in our history'
IMMIGRATION Minister Keith Bell said the immigration department collected nearly $80m in revenue between last July and this March -- the largest in the agency's history.
$85.3 mil. in govt revenue from cruise port next year
The government of The Bahamas is projected to rake in revenue of $85.3 million next year as a result of the redeveloped Nassau Cruise Port Ltd. (NCP), up from $72.3 million in revenue in 2019, according to numbers released yesterday by NCP.
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 [...]
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.