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

Date: November 20, 2025

Contact: MOFcomms@bahamas.gov.bs

In keeping with Section 61 of the Public Debt Management Act, 2021, the September 2025 Public Debt Statistical Bulletin (“PDSB”) represents the seventeenth official report on public debt statistics in The Bahamas prepared by the Debt Management Office (the “DMO”) of the Ministry of Finance.

At end-September 2025, the public sector debt stock was estimated at $13,550.6 million—representing respective gains of $307.9 million (2.3%) and $480.7 million (3.7%) vis-à-vis end-June 2025 and endSeptember of the prior year. Quarterly net financing activities boosted the central Government’s component by $300.3 million (2.6%) to $12,069.5 million, for an estimated 73.4% of GDP. Meanwhile, debt of the Agencies and Government Business Enterprises increased slightly by $7.6 million (0.5%) to $1,481.1 million.

Since end-June 2025, public sector external debt declined by $43.4 million (0.8%) to $5,505.2 million, which corresponded to a 1.3 percentage point reduction in share to 40.6%. Approximately $26.0 million (59.9%) of this decline was associated with reduced claims on financial institutions, with the balance ($17.4 million) spread across multilaterals (21.4%), private capital market (12.2%) and bilateral (6.5%) creditors.

Quarterly growth in the domestic currency component of public debt amounted to $351.2 million (4.6%), for an outstanding balance of $8,045.4 million at end-September 2025. The expansion was primarily explained by the central government’s $302.1 million (42.6%) increased liabilities to the Central Bank. Public sector debt obligations to the private sector and the central Government were also higher by $59.7 million (2.0%) and $27.7 million (6.4%), respectively. These were partly offset by a $37.2 million reduction in debt owed to commercial banks and a lesser $1.1 million for public corporations.

By currency, 56.9% of the public sector debt portfolio was in Bahamian Dollars, 37.7% in USD, and 5.4% held in other foreign currencies. Fixed rate debt constituted an elevated 66.2% of the overall portfolio, with the variable rate share at 33.8%.

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.

Source: Ministry of Finance, The Bahamas

Date: 24 October 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 July 2025, as mandated by the Public Finance Management Act, 2023.

During the review month, revenue receipts totaled $326.7 million, an 18.0 percent increase from the prior year, with the tax component rising by $41.5 million to $296.8 million. Key gains were registered for taxes on international trade and transactions ($24.2 million) and value-added tax collections ($18.6 million). Non-tax revenue edged higher by $8.2 million to $29.9 million, on account of improved collection of customs and immigration fees.

Aggregate expenditure settled at $392.6 million, with the recurrent and capital components at $337.3 million and $55.3 million, respectively. The year-over-year $60.2 million gain was largely associated with higher outlays for the use of goods and services ($22.7 million), other transfer payments ($27.1 million), and acquisition of capital assets ($14.9 million).

As a result of the above movements, the Government’s overall fiscal position for July 2025 recorded an estimated deficit of $65.9 million. Financing activities for the month featured an estimated increase in the outstanding debt stock by $224.3 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: 24 October 2025

Contact: Financemail@bahamas.gov.bs

In FY2024/25, the combination of solid gains in revenue collections and prudent expenditure growth yielded significant improvement in the government’s fiscal consolidation performance.

Tax revenue grew by $290.3 million (10.6 percent) to $3,026.4 million, for 96.3 percent of the budget. Improved economic conditions, alongside strengthened tax administration measures, supported increases in Taxes on International Trade and Transactions (20.2 percent to $871.7 million), Value Added Tax collections (6.8 percent to $1,438.0), and Taxes on Use and Permission to Use Goods (14.5 percent to $322.1 million).

Non-tax revenue expanded by $36.2 million (10.9 percent) to $369.2 million and was largely attributed to higher receipts from the sale of goods and services ($27.4 million).

 Aggregate expenditure increased by $211.8 million (6.5 percent) to $3,474.9 million (96.2 percent of the budget), with the recurrent and capital components at $3,189.3 million and $285.6 million, respectively. Key drivers behind the $ 227.8 million gain in recurrent expenditure included outlays for use of goods and services ($130.1 million) compensation of employees ($35.1 million) and public debt interest ($59.2 million). Capital expenditure decreased by $16.1 million (5.3 percent) to $285.6 million or 82.9 percent of the targeted spend. This decline was due to lower outlays for the acquisition of non-financial assets of ($6.8 million) and capital transfers ($9.2 million).

 As a result of these developments, the fiscal deficit narrowed by $115.1 million (59.3 percent), to $78.9 million and converged to an estimated 0.5 percent of GDP—which was in line with the budget target.

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