Statement from the Office of The Prime Minister on NIB Rate Increase
In the midterm budget debate this week, the government has outlined important progress in moving our nation forward, despite the serious and complex challenges which we face. We came to office during a time of crisis. Yet, despite the significant debt we inherited, we knew our policies needed to go beyond rescue, relief, and recovery. […]
Statement from Prime Minister Davis on Meeting with the Bahamas Electrical Workers Union (BEWU)
I had the pleasure yesterday of meeting with President Kyle Wilson and executives of the Bahamas Electrical Workers Union (BEWU) and President Christopher Hanna and executives of the Bahamas Electrical Utility Managerial Union (BEMU), along with Obie Ferguson, the President of the Trades Union Congress (TUC). I was grateful for the opportunity to assure them […]
Official Statement from the Office of the Prime Minister on The Prime Minister’s Travel to Grand Bahama and Bimini
In his two and a half years in office, the Prime Minister has made dozens of visits to the Family Islands, underscoring his government’s commitment to expanding economic opportunities across our archipelago. During the Prime Minister’s visits to West Grand Bahama and Bimini in October and November of last year, he inaugurated a new government […]
Press Statement from the Office of The Prime Minister on the Announcement of Qualified Domestic Minimum Top-Up Tax (QDMTT)
Today, the Prime Minister and Minister of Finance Hon. Philip Edward Davis KC, MP announced the introduction of the Qualified Domestic Minimum Top-Up Tax (QDMTT), a significant measure under the OECD’s Pillar Two tax framework aimed at ensuring multinational enterprises (MNEs) operating within The Bahamas pay their fair share of taxes. This initiative specifically targets […]
Prime Minister Davis’s Mid-Year 2023/2024 Budget Statement to Parliament
IntroductionMadam Speaker: It is always an honour to rise in this House as the representative of the exceptional people of Cat Island, San Salvador and Rum Cay. However, I am pleased to stand before you today, in my capacity as Minister of Finance, to present the Mid-Year Review of fiscal performance for the fiscal year […]