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The Commonwealth of the Bahamas (“Bahamas”), rated B1 by Moody’s, BB- by S&P and BB- by Fitch, requested Deutsche Bank to arrange a non-deal Fixed Income Investor Call on Wednesday October 8th at 11:00am ET / 16:00pm UKT.

The call will feature the Minister of Economic Affairs – the Honorable Michael Halkitis – and the Financial Secretary – Simon Wilson – who will provide an update on The Bahamas credit as well as recent developments such as the upgrade received by S&P to BB-, followed by Q&A.

An accompanying presentation during the live webinar will be available.

Please use the following link to pre-register.

Webinar link: https://evercall.co/oacc/12380

This message is for informational purposes only.  This message is not an offer to sell, purchase or a solicitation of an offer to sell or purchase any securities.  This message is not a recommendation or investment advice.

Source: Ministry of Finance, The Bahamas
Date: 26 September, 2025
Contact: Financemail@bahamas.gov.bs

The Ministry of Finance is pleased to release the Monthly Fiscal Report for June 2025, as mandated by the Public Finance Management Act, 2023.

Preliminary data for the month indicate a significant turnaround in the Government’s fiscal position, to an overall surplus of $25.4 million from a deficit of $35.8 million in June 2024. This positive outcome featured a $74.4 million (31.6 percent) year-over-year increase in total revenue to $310.0 million, which more than offset a modest $13.2 million (4.9 percent) rise in total expenditure to $284.6 million.

Within revenue, tax receipts expanded by $58.8 million (28.7 percent) to $263.3 million, supported by stronger inflows from international trade and transactions which advanced by $29.9 million to $99.5 million, following enhanced enforcement of export duties. Value added tax receipts rose by $13.8 million to $113.0 million, reflecting yield gains across realty transactions, customs, and other goods and services. Taxes on the use of goods and permissions to use goods also increased by $8.3 million to $24.3 million, owing to higher receipts of communication levies. Growth in non-tax revenue of $16.2 million (52.9 percent) to $46.7 million was mainly attributed to boosted dividend income.

On the expenditure side, recurrent spending for the review month was $268.7 million, a year-over-year gain of $22.4 million (9.1 percent). This was largely associated with elevated outlays for the use of goods and services by $27.3 million to $61.8 million, partly due to timing differences in payments for communication expenses. Personal emoluments increased by $14.1 million to $89.1 million, mainly reflecting payments for allowances and NIB contributions, while public debt interest payments were higher by $18.6 million at $74.5 million, consistent with growth in the Government’s overall liabilities. In contrast, capital expenditure contracted by $9.1 million (36.3 percent) to $15.9 million, owing to moderated outlays for transfers and acquisition of non-financial assets.

For fiscal year 2024/25, the deficit stands at an estimated 0.5 percent of GDP, which remains firmly within the targeted range of 0.3 to 0.7 percent of GDP. 

As a result of financing activities, central Government’s outstanding debt decreased by an estimated $360.9 million in June 2025. Proceeds from borrowings totaled $1,745.8 million, of which 80.6 percent was sourced in foreign currency and elevated by the recent international bond issuance and commercial borrowing. Debt repayments amounted to $2,106.7 million, with the 70.6 percent in foreign currency obligations inclusive of $767.4 million in Eurobond repurchases.

The Ministry of Finance is committed to the Government’s mandate of full transparency and timely reporting. 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: 21 August 2025 

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 May 2025, as mandated by the Public Finance Management Act, 2023.

During the review month, revenue receipts totaled $268.2 million, a 4.3 percent decrease from the prior year, with tax revenue higher by $3.4 million at $237.9 million. The performance featured gains of $18.7 million in value-added tax collections to $119.2 million and $4.4 million in taxes on financial & capital transactions to $11.5 million. Taxes on Property saw a decline of 11.4 million placing it at 10.5 million. Non-tax revenue declined by $15.6 million to $30.3 million, driven by timing differences of payment receipts.

Aggregate expenditure settled at $238.8 million, with the recurrent and capital components at $225.7 million and $13.1 million, respectively. The year-over-year $22.9 million decline was due to lower outlays for subsidies ($8.7 million) and Other Payments ($9.0 million). Capital expenditure declined by $5.6 million to $13.1 million.

As a result of the above outcomes, the Government’s overall fiscal position for May 2025 posted an estimated surplus of $29.4 million. Financing activities for the month featured an estimated increase in the outstanding debt stock by $72.3 million.

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