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Results for: Michael Halkitis

Halkitis: Bahamas committed to compliance

Thursday, November 19th, 2015 | Filed Under: News & Press

...op executives November 2 at the Ocean Club Resort on Paradise Island. (Photos courtesy Andbank) Speaking at Andbank ’s annual Worldwide Managing Directors Meeting held in Nassau earlier this month, State Minister for Finance Michael Halkitis said that The Bahamas’ financial services industry must remain client focused and committed to continuing the culture of robust compliance. With a series of presentations from The Bahamas’ State......


New team new vision

Tuesday, January 15th, 2013 | Filed Under: Features

...creating economic development that provides a path to a sustainable, high wage economy with opportunities for a large number of citizens and not just a select few. Minister of State for Finance A chartered financial analyst, Michael Halkitis has considerable political experience having served as parliamentary secretary in the Ministry of Finance during Prime Minister Perry Christie’s first administration, 2002 to 2007. Then, he assisted the......


Halkitis promotes e-government services

Monday, March 18th, 2013 | Filed Under: News & Press

...ent gateway to facilitate online monetary transactions. Realizing the apprehension customers would have regarding security online, the government implemented measures that are best in practice for secure transactions.” Halkitis said that the government plans to re-engineer its online services to improve efficiency. He said The Bahamas was recently ranked number 77 in the “2013 Ease of Doing Business Report”, out of some 185......


Halkitis: government will not backtrack

Friday, June 8th, 2012 | Filed Under: News & Press

...public finances will require us to work harder, work smarter and will cause to awaken all of our creative energies to maximize the effectiveness of our limited resources in tackling the problems facing our nation,” he said. Halkitis made the remarks during his contribution to the 2012/13 budget debate June 6. He added that it would also require the marshalling of the collective intellect, experience and innovative capacity of all Bahamians who......


Halkitis details debt reform

Wednesday, March 6th, 2013 | Filed Under: News & Press

...economy slowly recovers, the Bahamas government is working to override economic and social challenges by reducing expenditure and raising revenue through a debt management reform strategy, said Minister of State for Finance Michael Halkitis in the House of Assembly March 4. The Minister gave details on policy measures and initiatives in the government’s fiscal strategy to move away from debt servicing and into growth. “Our......


IDB elects Halkitis as governors’ board chair

Monday, April 11th, 2016 | Filed Under: News & Press

...ment Bank and the 31st Annual Meeting of the Board of Governors of the Inter-American Investment Corporation, April 7-10, 2016 at the Baha Mar Convention Centre, the first time in the Caribbean since held in Jamaica in 1979. Halkitis said that the high-level meetings provided The Bahamas with the opportunity to showcase not only the country, but also the region, in what there is to offer and the challenges and struggles faced. “More importantly......


Halkitis: New budget to get the country back to business – video

Thursday, May 30th, 2013 | Filed Under: News & Press

...Minister of State for Finance Michael Halkitis said this week that the “revenue enhancement measures will not crimp the economy, but provide a more equitable tax burden.”......


Halkitis: Government spending down this year – video

Friday, May 30th, 2014 | Filed Under: News & Press

...Minister of State in the Ministry of Finance Michael Halkitis says that the government’s fiscal consolidation plan is still on course.......


Government passes $250M BEC resolution

Friday, February 1st, 2013 | Filed Under: News & Press

...of US$250 million of debt of the Bahamas Electricity Corporation (BEC); it is intended that the guarantee will cover instruments to be issued in the US$ capital markets to facilitate the refinancing of this debt,” said Halkitis. “$211 million of the debt already carries a government guarantee, so the increase in the government contingent liability will be on the order of $39 million.” According to Minister Halkitis, this debt......


Minister ‘confident’ Resolve will maximize debt collection

Wednesday, December 17th, 2014 | Filed Under: News & Press

The Minister of State for Finance Michael Halkitis expressed his confidence and optimism in the success of Bahamas Resolve Ltd, the government’s response to debt collection for delinquent accounts at the Bank of The Bahamas. During his contribution in the House of Assembly December 10 Halkitis said he was “confident” about the team tasked to recoup outstanding debts to the government in the region of $100 million. With former......


Halkitis: Government acted responsibly with BoB – video

Thursday, December 11th, 2014 | Filed Under: News & Press

...Minister of State for Finance Michael Halkitis says that the government was right to provide support for the Bank of The Bahamas in managing its debt levels.......


Tax reform proposals tabled in Parliament

Thursday, February 14th, 2013 | Filed Under: News & Press

...gh rates of excise tax imposed on a number of excisable items, it is proposed that all excise tax rates be reduced by an amount just sufficient to counteract the imposition of a 15 per cent VAT on those products,” said Halkitis. “As a result, the total tax payable on excisable products would remain unchanged.” The government believes that its programme of tax reform when fully implemented will result in......


Halkitis previews mid-year budget – video

Monday, February 25th, 2013 | Filed Under: News & Press

...Minister of State for Finance Michael Halkitis has said in a ZNS news report that he believes that there is light at the end of the tunnel for the economy and that the government’s mid-year budget will seek to improve the country’s current financial situation.......


Halkitis – Government Expected S&P’s Negative Outlook

Tuesday, September 25th, 2012 | Filed Under: News & Press

...Minister of State in the Ministry of Finance Hon. Michael Halkitis said that the S&P’s warning of a downgrade of The Bahamas’ financial outlook from stable to negative was expected.......


Halkitis remarks on VAT Bill

Wednesday, August 20th, 2014 | Filed Under: News & Press

Here follows remarks by Minister of State for Finance Michael Halkitis during the Second Reading of the Value Added Tax Bill 2014 in the House of Assembly August 19, 2014. The following is reproduced verbatim: Mr. Speaker, I wish at this time to move for second reading and committal of the Value Added Tax Bill. To that end, I will in this contribution make observations on a number of vitally important matters in respect of the Bill that I trust......

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