National

What Can You Expect During The 2025/2026 Fiscal Year

NASSAU, BAHAMAS – The Bahamas begins its fiscal year with a projected budget surplus, focusing on education, infrastructure, energy, AI, and local workforce development.

Published

10 months ago

July 2, 2025

Italia Hall

NASSAU, BAHAMAS – The new fiscal year is officially underway, and for the first time in years, The Bahamas is projected to see a budget surplus, meaning the country is expected to bring in more revenue than it spends. Prime Minister Philip Davis credits increased revenue across multiple sectors for driving this financial turnaround.

Education is a top priority in this year’s budget. Public school campuses will soon see tighter security measures, including electronic gates and student ID cards. Education Minister Glenys Hanna-Martin says the goal is to keep schools safer and continue reducing student violence.

Capital spending is also targeting the Family Islands, with millions pledged for infrastructure upgrades, from bridges to docks. Among the planned developments is the long-awaited Glass Window Bridge in Eleuthera.

In addition, the budget sets aside funding for a new police headquarters and broader support for law enforcement across the country.

The government is also doubling down on energy, with new investments in energy infrastructure expected to roll out soon. Meanwhile, in a push toward modernization, the government is launching a national artificial intelligence strategy, aiming to position The Bahamas as a competitive player in the global tech economy.

Over 100 local government workers across the Family Islands will also be regularized and promoted under this year’s budget.

On the international front, hiring from Cuba in the education and healthcare sectors has been paused. Health Minister Dr. Michael Darville says the government is reassessing the terms of the recruitment program, which has faced public scrutiny.

Prime Minister Davis says the budget plan is designed to build a stronger, more resilient Bahamas while laying the foundation for greater opportunity for all.