Photo detail

MINISTER of Economic Affairs and leader of government business in the Senate Michael Halkitis
speaks during a media briefing at the Office of The Prime Minister on Friday.
Photo: Dante Carrer

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Minister: ‘Much work’ despite Moody’s stable credit rating

A Cabinet minister has affirmed “much work” remains to rebuild sufficient “headroom” for the Government’s finances despite Moody’s confirmation of The Bahamas’ creditworthiness and ‘stable’ outlook.

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‘$7m rise in consultancy budget does not mean consultants will be hired’

EVEN though the budget for consultancy services will increase in the Ministry of Finance and the Ministry of Tourism in the next fiscal year, Economic Affairs Minister Michael Halkitis said this does not mean consultants will be hired.

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Halkitis: Economic zones were not achieving goals

ECONOMIC Affairs Minister Michael Halkitis said the Davis administration discontinued the Economic Empowerment Zones programme, which provided some tax exemptions to inner city residents and businesses, because it was not achieving its objectives.

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