Our News Bahamas: Mid-year budget debate next week — Saturday, March 2nd, 2024

OUR NEWS MARCH 1ST, 2024.

In this episode of "Our News Weekend" anchored by Megan Shepard, the focus is on the upcoming mid-year budget debate in the Bahamas. The Davis Administration is under scrutiny, six months into its tenure, as it aims to meet its fiscal targets amidst a challenging economic landscape. The report discusses the government's efforts to reduce the fiscal deficit, manage national debt, increase revenue, and control expenditure. The mid-year budget report reveals a deficit surpassing initial forecasts, prompting discussions on the administration's fiscal policies and strategies to bolster tourism and implement new tax measures to enhance revenue.

Additionally, the episode highlights the Grand Bahama Power Company's advancement in solar projects aimed at reducing electricity costs for residents. There's a spotlight on the Bahamas Agriculture and Marine Science Institute's initiative to boost local egg production, aiming to lessen reliance on imports and innovate with omega-3 enriched eggs. The episode also touches on the Bahamas Association for the Physically Disabled's efforts to expand their facilities and services despite bureaucratic hurdles, showcasing the organization's vital role in supporting the nation's special needs youth.

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