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Source: Ministry of Finance, The Bahamas
Date: July 08, 2026
Contact: Financemail@bahamas.gov.bs

The Ministry of Finance is pleased to release the FY2026/27 Annual Borrowing Plan (ABP), fulfilling the requirement under Section 13 of the Public Debt Management Act, 2021 for government to disclose its projected financing needs and intended sources of borrowing for the fiscal year.

The 2026/27 ABP is framed against a backdrop of continued fiscal consolidation, with the governments debt management strategy remaining anchored in pursuit of the lowest possible financing cost consistent with a prudent level of risk. The gross financing needs (GFN) for the fiscal year is estimated at $1,024.0 million, corresponding to the scheduled amortization of loans and government securities, with the projected $223.1 million budget surplus earmarked to build up the government’s cash buffers.

The financing strategy remains consistent with the government’s medium-term debt management objectives, namely, extending average portfolio maturity to limit refinancing risk, refinancing maturing domestic securities through new issuances, securing semi concessional financing from multilateral partners, and pursuing liability management t opportunities where appropriate.

In terms of sources of funding, the government plans to raise approximately $387.2 million (37.8 percent) in Bahamian Dollar bonds and a further $256.3 million (25.0 percent) via the anticipated rollover of the promissory note tied to the FY2022/23 SDR borrowing from the Central Bank of The Bahamas. The remaining $380.5 million (37.2 percent) is set to come from multilateral partners ($100.0 million) through a new policy-based loans, an estimated $80.5 million in drawings on existing IFI facilities, and $200.0 million in commercial debt.

No international bond issuance is explicitly planned for FY2026/27. Nevertheless, the government will continue to monitor external market conditions throughout the year, with a view to identifying and where appropriate pursuing liability management opportunities, including bond switches and buyback operations, which may serve to improve the cost and risk profile of the debt portfolio.

Publication of the ABP reflects the government’s ongoing commitment to fiscal accountability, transparency, and predictability in the management of public debt. Members of the public are invited to review the full FY2026/27 ABP, along with other fiscal and debt-related publications, on the national Budget Website at www.bahamasbudget.gov.bs.

Source:                       Ministry of Finance, The Bahamas

Date:                           23 June 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 March 2026, as mandated by the Public Finance Management Act, 2023.

For the review month, total revenue grew year-over-year by $4.0 million (0.9 percent) to $437.4 million, supported by a notable business licence fee led upturn in taxes on the use and permission to use goods of $53.2 million (56.9 percent) to $146.6 million. Declines were posted for VAT collections, of $28.4 million (22.5 percent) to $97.7 million and international trade and transactions receipts, of $15.3 million (16.3 percent) to 78.9 million. Non‑tax revenue was also lower by $3.6 million (7.8 percent) at $42.7 million, amid reduced intake of general registration and service fees.

Recurrent expenditure expanded year-over-year by $35.9 million (15.4 percent), comprising higher outlays for goods and services of $6.4 million (11.9 percent) to $60.3 million, and insurance premium-related payments of $11.7 million (44.2 percent) to $38.3 million. Capital expenditure increased by $16.2 million to $33.7 million, the bulk of which was attributed to non‑financial assets.

As a result of these developments, the government’s estimated fiscal surplus narrowed to $134.0 million in March 2026, from $182.2 million in the corresponding period of the prior year. Financing operations during the month increased the outstanding debt stock by an estimated $64.2 million, sourced almost entirely from government security issuances.

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: May 13, 2026
Contact: MOFcomms@bahamas.gov.bs

In keeping with Section 61 of the Public Debt Management Act, 2021, the Debt Management Office of the Ministry of Finance is pleased to publish the March 2026 Public Debt Statistical Bulletin—the nineteenth in the series of official quarterly reports on public debt statistics in The Bahamas.

At end-March 2026, public sector debt outstanding stood at an estimated $14,109.3 million, representing increases of $57.0 million (0.4 percent) from end-December 2025 and $689.2 million (5.1 percent) relative to end-June 2025. Debt operations of the central government continued to be the predominant influence on the overall portfolio, with the stock advancing to $12,473.2 million, the equivalent of an estimated 75.5 percent of GDP. In contrast, the indebtedness of Agencies and Government Business Enterprises declined marginally by $9.5 million (0.6%) to $1,636.1 million.

Over the review quarter, foreign currency public sector debt declined by $77.9 million (1.3 percent) to $5,662.6 million, the equivalent of 43.6 percent of the total portfolio. For the nine months to March 2026, the $100.0 million (1.7 percent) expansion in indebtedness was largely shaped by the central government’s $226.1 million increase in liabilities to multilateral institutions, with offsets provided by net debt repayments to commercial debt ($91.4 million), private capital markets ($16.0 million) and bilateral obligations ($4.7 million).

The domestic component of public debt expanded by $134.9 million (1.7 percent) for the review quarter, and by $589.2 million (8.0 percent) on a year-to-date basis, reaching $8,446.7 million at end-March 2026. For the nine months period, short-term credit from the Central Bank broadened by $274.0 million (38.6 percent, while increased demand for government paper elevated liabilities to commercial banks and the private sector by $156.2 million (5.1 percent) and $130.9 million (4.5 percent), respectively.

On the currency front, Bahamian Dollar denominated obligations accounted for 56.4 percent of the total, followed by USD liabilities at 38.7 percent, and with EUR, CNY and SRD-denominated debt comprising the residual 4.9 percent. With respect to interest rate structure, fixed-rate obligations represented 66.3 percent of the public debt portfolio at end-March 2026—an improvement of 2.8 percentage points since end=June 2025 and consistent with the government’s ongoing strategy of anchoring borrowing costs through fixed-rate instruments.

The Government remains committed to transparency and accountability in debt management activities and invites stakeholders to visit the national Budget Website (www.bahamasbudget.gov.bs) to view the various published reports.