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Minister of Finance delivers Mid-Year Budget

Acting Prime Minister and Minister of Finance Peter Turnquest delivered the Mid-Year Budget Statement in the House of Assembly yesterday. Read/download his full statement here. 

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TheBahamasInvestor.com
Thursday, February 28, 2019
Thursday, February 28, 2019

Minister of Finance delivers Mid-Year Budget

Pictured: Minister Turnquest presents the 2018/19 Mid-Year Budget Statement in the House of Assembly, February 27, 2019. (BIS Photo/Kemuel Stubbs)

Acting Prime Minister and Minister of Finance Peter Turnquest delivered the Mid-Year Budget Statement in the House of Assembly yesterday.

Minister Turnquest said that the government’s 2018/19 Budget was a watershed budget, as it was guided by the stringent fiscal requirements of the then-pending Fiscal Responsibility Act.

The subsequent Fiscal Strategy Report of November then set the stage for the medium-term framework that will underpin the development of the 2019/20 Budget.

He noted that this will be the first time in 12 years that The Bahamas will have seen projected growth of over 2.0 per cent for consecutive years.


He said that the stronger US economy and the completion of a number of foreign direct investment projects last year, including the opening of the final phase of Baha Mar resort and the official opening of the entertainment complex at The Pointe, had also bolstered the economy.

Read/download the full Mid-Year Budget Statement here:

Deputy Prime Minister and Minister of Finance Peter Turnquest gave opening remarks at Royal Fidelity Bahamas Economic Outlook yesterday. Read his full address here.

The Islands of The Bahamas was recognized with 18 awards across nine categories in this year's USA Today 10 Best Readers' Choice Awards for the Caribbean region.

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