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Source: Ministry of Finance, The Bahamas
Date: 18 September 2026
Contact: Financemail@bahamas.gov.bs

The Ministry of Finance is pleased to release its report on government’s fiscal operations for the month of May 2026, as mandated by the Public Finance Management Act, 2023.

Revenue collections strengthened by $3.6 million (1.4 percent) year-over-year to $271.7 million in May 2026. This outcome reflected gains in non-tax revenue of $7.7 million (25.5 percent) to $37.9 million, supported by $10.0 million receipts related to bank fees and higher property income. Tax revenue, however, declined by $4.1 million (1.7 percent), as a $16.9 million (147.2 percent) increase in taxes on financial and capital transactions was more than offset by reductions in taxes on international trade and transactions of $8.5 million (12.8 percent), largely due to lower excise duty receipts, VAT collections of $7.1 million (5.9 percent) and taxes on property of $3.6 million (34.5 percent).

Recurrent expenditure grew by $7.5 million (3.3 percent) to $233.2 million, mainly on account of gains in personal emoluments of $6.5 million (9.4 percent) and a two-fold hike in subsidies to $38.4 million. These increases were partly offset by a $19.9 million (32.0 percent) reduction in interest payments and a $3.7 million (8.0 percent) decline in spending on goods and services. Capital expenditure decreased by $3.9 million (29.6 percent) to $9.3 million, reflecting lower spending on the acquisition of non-financial assets.

As a result of these developments, the Government recorded an estimated fiscal surplus of $29.2 million in May 2026, unchanged from the corresponding period in the previous year. Financing activities during the month resulted in a net repayment of $25.1 million, as borrowings of $100.7 million, sourced entirely from domestic debt issuances, were more than offset by debt repayments totaling $125.8 million.

The public is encouraged to visit the national Budget Website (www.bahamasbudget.gov.bs) to view all fiscal reports.

Source: Ministry of Finance, The Bahamas
Date: August 27, 2026
Contact: Financemail@bahamas.gov.bs

The Ministry of Finance is pleased to release its monthly report on government’s fiscal operations for the month of April 2026, as mandated by the Public Finance Management Act, 2023.

For the review month, total revenue increased by $15.7 million (4.5 percent) to $363.2 million, although tax revenue decreased by $2.9 million (1.2 percent) to $322.9 million. Gains in tax collections were associated with a sharp improvement in taxes on international trade and transactions of $8.7 million (11.2 percent), as the robust growth in tourism underpinned stronger receipts from the tourism sustainability levy and departure taxes. VAT collections also increased by $16.7 million (10.4 percent). In a partial offset, declines were posted for receipts from taxes on the use and permission to use goods and property tax collections of $25.1 million (50.9 percent), respectively. Non‑tax revenue increased by $18.7 million (86.5% percent) to $40.3 million, supported by higher general registration fees and dividend income.

Recurrent expenditure declined by $41.2 million (12.4 percent). There was also a $8.6 million (12.2 percent) decline in outlays for the use of goods and services, which included lower payments for utilities and communications costs. Capital expenditure increased by $16.8 million to $35.23 million, the bulk of which was directed to non‑financial assets.

As a result of these developments, the government recorded an estimated fiscal surplus of $36.7 million in April 2026, increased from a $3.4 million deficit in the corresponding period of the prior year. Financing operations during the month decreased the outstanding debt stock by an estimated 2.9 million, largely reflecting domestic borrowing activity.

The public is encouraged to visit the national Budget Website (www.bahamasbudget.gov.bs) to view all fiscal reports.

Source: Central Communications Unit, Ministry of Finance, The Bahamas

Date: August 20, 2026
Contact: MOFcomms@bahamas.gov.bs

In keeping with Section 61 of the Public Debt Management Act, 2021, the Debt Management Office (the “DMO”) of the Ministry of Finance is pleased to release the June 2026 Public Debt Statistical Bulletin—the twentieth in the series of official quarterly reports on public debt statistics in The Bahamas.

As at end-June 2026, public sector debt outstanding was estimated at $14,696.5, an annual expansion of $1,276.1 million (9.5%) since end-June 2025. Central Government’s debt closed the fiscal year at an estimated $12,466.1 million, up $696.9 million (5.9%) year-over-year, and equivalent to an estimated to a slightly lower 70.7% of nominal GDP at end-June 2026. Outstanding indebtedness of Agencies and Government Business Enterprises rose by $579.1 million (35.1%) to $2,230.4 million, largely reflecting new financing secured to facilitate the acquisition of the Grand Bahama Power Company and funding activities of the newly established water desalination special purpose vehicle.

Based on currency composition, foreign currency-denominated debt increased by $352.3 million (5.8%) year-over-year and represented 43.6% of the total portfolio, for a 1.5 percentage point decline in share. The Bahamian Dollar component grew by $923.7 million (12.5%), lifting its proportion of the portfolio to 56.4%.

External creditor exposure rose to $5,798.4 million, a gain of $249.7 million (4.5%), and largely explained by new multilateral lending of $234.5 million (19.1%) in the form of policy-based loans from the Inter-American Development Bank and the Development Bank of Latin America and the Caribbean. Domestic creditors’ claims advanced by $1,026.2 million (13.0%) to $8,898.1 million, led by a $732.6 million (24.1%) increase in commercial banks’ holdings of government paper.

Annual public sector debt service, inclusive of refinancing operations, totaled $3,341.2 million, a decline of $1,740.7 million (34.3%) from the prior year, which had been elevated by the central government’s external bond liability management exercise. The portfolio’s interest rate mix continued to shift toward fixed-rate obligations, which accounted for 64.6% of total debt at end-June 2026, up from 63.5% a year earlier.

The Government of The Bahamas remains committed to promoting timely, consistent, comprehensive, reliable and internationally comparable public debt statistics, in support of transparency and accountability in debt management and to inform domestic policy makers, investors and other stakeholders. The full June 2026 Public Debt Statistical Bulletin along with other debt and fiscal publications are available at www.bahamasbudget.gov.bs.