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Fiscal analysts and the Opposition yesterday voiced scepticism that the Government will hit its revised deficit target range of $146m-$219m for the current fiscal 2023-2024 fiscal year.
Demand for long-term Bahamas government debt is unlikely to recover until after a 2026 general election but that is not necessarily a bad outcome, a senior banker predicted yesterday.
The Bahamas is back to the “lethargic” pre-pandemic growth, according to a top financial expert, and needs a strategy to move forward.
Gowon Bowe, chief executive officer of Fidelity Bank, said the latest review of The Bahamas by Moody’s credit ratings agency affirms that the economy is on the right track.
A top financial expert said it is “unrealistic”, for the government to expect that enough revenue will be generated in the second half of the fiscal year to bridge the