July 26, 2023
SIMON WILSON
Stories this photo appears in:
Pension shake-up over $3.5bn hole
PENSIONS for thousands of Bahamian public sector workers are poised for a major shake-up in a bid to tackle “alarming” unfunded liabilities that could impose a $3.5bn burden on taxpayers come 2030.
Gov’t holds firm as $259m deficit near-double target
The Government has not adjusted any of its 2023-2024 fiscal targets despite revealing yesterday that its $258.7m half-year deficit was almost double the full 12-month goal.
Gov’t ‘disagrees’ on IMF’s ‘top 10%’ income taxation
THE Government “disagrees” with the IMF’s assertion that it must introduce a personal income tax targeting “the top 10 percent of earners” and other reforms to hit its 25 percent revenue-to-GDP goal.
Gov’t is urged: ‘Prove IMF wrong’ on deficit
The Government was yesterday urged to “prove the IMF wrong” over its deficit blow-out forecast with this nation’s top finance official revealing all major revenue lines are enjoying “double digit” growth.
Wilson: Govt ‘working on’ complying with Public Procurement Act
FINANCIAL Secretary Simon Wilson could not say when the government would comply with the Public Procurement Act’s requirement to disclose contract awards but said officials are working on doing so.
Payroll errors costing taxpayers near $120m
Salary and payroll errors are costing Bahamian taxpayers around $120m per year, the Government’s top finance official disclosed yesterday, as he blamed the wastage on too many systems that are not linked to each other.
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