DPM of Bahamas: Deficit Target In Reach With $400Mn Cut

• The Deputy Prime Minister of Bahamas has signaled that the government remains on track to hit its main 2018-2019 fiscal target by touting a $400Mn reduction in the annual deficit since it took office.
• Addressing the UHY accounting firm’s Americas conference on Friday, K Peter Turnquest, disclosed figures ahead of this week’s 2019-2020 budget that hints the Minnis administration will bring the fiscal deficit within range of its $237Mn target for the current fiscal year.
• Giving an upbeat assessment of The Bahamas’ economic prospects, Mr. Turnquest focused on the 1.6% real GDP growth achieved in 2018 as a sign that the Government’s economic and fiscal policies are starting to bear fruit.

(Source: Tribune 242)