AGP Executive Report
Last update: 5 hours agoFiscal Accountability: Prime Minister Philip Davis says The Bahamas recorded its first fiscal surplus since independence, at $39.3 million. The Opposition disputes the figure, arguing it excludes $310 million in National Investment Fund spending, while the Chamber says it will scrutinize the accounts and wants a clear plan for the surplus. A new multinational tax brought in $68.6 million, well below its $130.1 million forecast. Security Legislation: The House passed amendments to the Anti-Terrorism Act. Davis said they bring Bahamian law into line with international commitments and protect the country’s financial-services reputation. Grand Bahama Power: The government plans to refinance $331.8 million tied to its acquisition of GBPC, including company liabilities, shifting the debt toward direct government responsibility. Police Promotions: National Security Minister Myles LaRoda defended the promotion of more than 1,000 officers, but questions persist over whether past misconduct and court findings were considered.
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