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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.

Source: Ministry of Finance, The Bahamas

Date: 23 July 2025

Contact: Financemail@bahamas.gov.bs

The fiscal performance for the third quarter of FY2024/25 featured strong year-over-year improvements in revenue collections, supported by recent policy-based changes alongside enhanced administrative and enforcement measures.

Tax revenue improved by $243.2 million (12.4 percent) to $2,199.3 million – although positioning at 70 percent of the budget. Increased gains in international trade and transactions were boosted by recent changes in departure tax rates ($502.3 million to $627.3 million). Gains were also registered for Value Added Tax collections ($993.9 million to $1,044.7 million), and taxes on use and permission to use goods ($173.4 million to $223.8 million).

Growth in non-tax revenue of $22.8 million (9.7 percent) to $258.2 million, reflected collections of bank surplus fees, property income and the sales of goods and services.

Expenditure increased by $230.8 million (9.6 percent) to $2,636.7 million (73 percent of the budget), with the recurrent and capital components at $2,370.8 million and $266.0 million, respectively. Key drivers of recurrent expenditure included compensation of employees ($649.0 million), use of goods and services ($514.2 million), public debt interest ($447.3 million), and subsidies ($338.0 million). Capital expenditure included gains in capital transfers of $14.7 million, to $55.4 million and outlays for the acquisition of non-financial assets increased by $16.1 million to $210.6 million.

As a result of these developments, the overall deficit narrowed by $35.5 million (16.6 percent), to $178.9 million, from the comparative period in the prior year.

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: 23 July 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 April 2025, as mandated by the Public Finance Management Act, 2023. 

During the review month, revenue receipts totaled $347.4 million, a 3.9 percent decrease from the prior year, with the tax component declining by $15.2 million to $325.8 million. This outcome was primarily driven by timing difference in the receipt of business license fees compared to the prior year. Key gains were registered for value-added tax collections ($8.6 million) and gaming tax receipts ($6.5 million). Non-tax revenue edged higher by $0.9 million to $21.5 million, almost entirely derived from the sale of goods and services ($21.0 million).

Aggregate expenditure settled at $349.5 million, with the recurrent and capital components at $330.0 million and $19.6 million, respectively. The year-over-year $25.4 million gain was largely associated with higher outlays for the use of goods and services ($20.0 million), transfers ($7.5 million), and subsidies ($7.3 million). Capital expenditure declined by $3.1 million, due to lower spending on transfers and acquisition of non-financial assets.

As a result of the above movements, the Government’s overall fiscal position for April 2025 recorded an estimated deficit of $2.1 million. Financing activities for the month featured an estimated increase in the outstanding debt stock by $6.7 million.

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