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PRESS RELEASE

Government Revenue Rises to $244.2 million

Source: Ministry of Finance, The Bahamas
Date: December 17, 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 August 2025, as mandated by the Public Finance Management Act, 2023.

During the review month, revenue receipts totaled $244.2 million, a 12 percent increase from theprior year, with the tax component rising by $28.3 million to $221.8 million. Key gains wereregistered for value-added tax collections ($26.4 million) and taxes on use and permission to use goods ($6.3 million). Additionally, non-tax revenue yielded $22.4 million.

Expenditure aggregated to $254.5 million, comprising recurrent and capital spending of $214.7 and 39.7 million, respectively. The $24.7 million overall decline in expenditure, was primarily due to lower payments for services, and supplies and materials ($9.2 million). Other payments also fell to $16 million, due to the timing of insurance premium payments.

Capital expenditure decreased by $7.5 million (15.9 percent), with the bulk expended for the acquisition of non-financial assets (71.0 percent) and the remainder representing capital transfers. 

Based on the outcomes, the Government’s overall fiscal position for August 2025 recorded an estimated deficit of $10.2 million which was substantially below the $61.1 million in the corresponding period. Financing activities for the month featured an estimated increase in the outstanding debt stock of $28.5 million.

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: 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.