May 30, 2019
Deputy Prime Minister and Minister of Finance Peter Turnquest. (File photo)
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‘No new taxes’ to pay for Dorian
THE Minnis administration’s request for additional borrowing is not for idle purposes, Finance Minister Peter Turnquest insisted yesterday. He told Parliament the country’s insufficient resources led government to seek more money following Hurricane Dorian.
Dorian’s $430m hit on Treasury
THE deficit for the fiscal year will balloon by more than $430m because of Hurricane Dorian, with the government expecting to spend nearly $230m to recover from the storm while anticipating a revenue hit of about $215m, according to Deputy Prime Minister and Minister of Finance Peter Turnquest.
INSIGHT: A balanced budget doesn’t mean a lot when there’s no food on the table
WHILE the banging on the tables in Parliament in commendation of the deputy prime minister’s 2019-2020 Budget Communication could not completely drown out the sounds of backs breaking all around the populace, many were relieved that no further taxes will be levied on the Bahamian people.
Steady as she goes: Turnquest budget has no major surprises
DECLARING the Minnis administration’s 2019/2020 Budget a “break from the past”, Finance Minister K Peter Turnquest announced several new duty exemptions and rate reductions worth $28m in government revenue yesterday.
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