Bahamas Prime Minister and Minister of Finance Dr. Hubert Minnis
The Bahamas government, in its Fiscal Strategy Report (FSR) released on Thursday, expects debt to reach $10.4 billion by fiscal year 2021/2022, growing to $10.8 billion in fiscal year 2024/2025.
Though the report also projects growth of more than $2 billion in gross domestic product (GDP) to more than $14 billion over that period, the government predicts it will not achieve its 50 per cent debt target by the 2028/2029 fiscal year, as it projected in its 2019 Fiscal Adjustment Plan, which outlines reasons for a departure from fiscal targets.
The FSR was tabled in the House of Assembly by Prime Minister and Minister of Finance Dr. Hubert Minnis.
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