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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.
The Government has completely overturned its medium-term Budget projections by forecasting a more than half-a-billion dollar swing that will drive it to a $448.2m fiscal surplus at end-June 2026.
The Bahamas still faces significant financing risks given that it is due to repay $900m in foreign currency loan principal over the next two years, a multilateral lender has warned.
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.
THE Davis administration will present its budget for the next fiscal year this week, and Economic Affairs Minister Michael Halkitis says the administration is maintaining its commitment to not raising taxes.