National

A Focus On Lowering Energy And Healthcare

NASSAU, BAHAMAS – The budget focus this time around is expected to tackle energy, healthcare, and the ongoing Grand Bahama Port Authority saga.

Published

6 months ago

May 28, 2024

Berthony McDermott

NASSAU, BAHAMAS – The budget focus this time around is expected to tackle energy, healthcare, and the ongoing Grand Bahama Port Authority saga. Communications Director in the Office of the Prime Minister Latrae Rahming says goal number one is to drive down energy costs.

Back in March, Prime Minister Philip Davis announced a deal in Parliament to outsource the management of Bahamas Power and Light (BPL), promising what he described as “gold standard” results. Financial, contractual, and other obligations were still being worked out.

Then, there’s healthcare and the recently announced $290 million new hospital for New Providence. Rahming previewed what they see as “a well-rounded focus” on healthcare.

The stand-off between the government and the Grand Bahama Port Authority over claims of $300 million in fees and taxes owed is also a significant issue.

Rounding out budget expectations are Rahming’s predictions for family island investments and infrastructure, specifically airports, as well as money-saving programs and more attention to the ease of doing business.