Official Twitter for the Ministry of Finance (MOF), The Bahamas: Managed by the Central Communications Unit (CCU), MOF.
Bahamas
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Today, June 7th marks the beginning of the Budget Debate in The House of Assembly.
Stay tuned to our socials (@financebah) to learn more details about the 2023/24 Budget.
📊 ꜰɪꜱᴄᴀʟ ʜɪɢʜʟɪɢʜᴛꜱ: Government revenue continued to improve in May 2023 as revenue receipts increased by $49.3 million over the prior year.
To view the May 2023 Fiscal Snapshot, please visit the National Budget Website.
📊 Moody’s confirms a 3% growth forecast for The Bahamas in 2023, shedding light on the nation's economic trajectory. Explore the intricacies of our economic landscape at bahamasbudget.gov.bs.
The Ministry of Finance is pleased to release its monthly fiscal report on the Government’s operations for April 2023.
To view the full report please visit bahamasbudget.gov.bs and stay tuned to our socials (@financebah) for more report highlights.
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The Davis Administration plans to deepen this commitment by collaborating with the Inter-American Development Bank to execute an $80 million project, aimed at mitigating the impact of climate change.
Visit bahamasbudget.gov.bs to learn more.
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Funding Sources in the ABP 👇🏾
Diverse funding sources drive fiscal resilience. With a mix of external and domestic financing, the Government plans to leverage opportunities, secure favorable terms, and optimize cost and risk. Learn more at bahamasbudget.gov.bs
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Understanding the Annual Borrowing Plan: Building a Strong Financial Future
Discover the government's strategic approach to debt management with the ABP. It ensures transparency, predictability, and responsible borrowing practices.
Learn more at bit.ly/3pYG46J.
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Introducing the Annual Borrowing Plan!
The ABP outlines our borrowing needs and debt instrument categories for the fiscal year. It promotes transparency and fiscal accountability in our debt management strategy.
Visit bahamasbudget.gov.bs for more info.
Celebrating 50 Years of Our Great Legacy! Happy Independence Day to The Commonwealth of The Bahamas 🇧🇸✨
📸 Photo courtesy of the Commonwealth Secretariat Archives.
With unstable global inflation rates, rising food prices, and climbing unemployment rates, battling the cost of living crisis has become a key priority of the 2023/24 Budget.
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What was the total expenditure amount during the period?
Expenditure amounts during the first three months of 2023 totaled $789.5 million.
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Did Central Government debt increase or decrease during the period?
From January to March 2023, Central
Government's debt decreased by a net total of $145.3 million.
Visit our website at bahamasbudget.gov.bs to view monthly fiscal reports.
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In his Budget Communication, Prime Minister and Minister of Finance, Phillip Davis, affirms his commitment to strengthening climate resilience. The 2023/24 budget has allocated $22 million for the adoption of solar technologies on the family islands.
March 2023 Fiscal Report Highlight:
Revenue receipts totaled $336.1 million, a 17.4% ($49.9 million) increase year-over-year.
Budget by the Numbers!
The Davis Administration's 2023/2024 budget continues to build on proven result-driven policies while establishing key new initiatives that will better the lives of Bahamians.
Read the full Budget Communication on our website.
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Government Revenues improve by $49.9 million over the prior year.
The Monthly Fiscal Summary Report for March 2023 is available now! Click the link to view: bit.ly/3JfcBvG.
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