AGP Executive Report
Last update: an hour agoBudget Watch: With the 2026/2027 budget due in Parliament, chartered accountant Hubert Edwards says the government must sequence meaningful structural reform while keeping fiscal stability and long-term growth in focus. Public Debt Concern: Opposition voices are pointing to rising government debt, after central government debt climbed to $12.4bn—up $637.6m—against earlier plans to reduce it. Economic Growth Debate: BNSI’s advance estimates put 2025 real GDP growth at 3.8%, led by financial services, transport/storage, accommodation/food and construction—yet questions remain about whether ordinary Bahamians are actually feeling the gains. Gaming Governance: The Gaming Board is yet to release a promised statement on the legality of Cabinet appointments tied to gaming interests, as the Gaming Act bars ministers or family members from holding gaming licences or significant financial interests. Fintech Momentum: A UB official says fintech has rebounded post-FTX, citing the DARE Act and the Sand Dollar, and flags a new UB FinTech and Regulatory Innovation Program with Cambridge and the Securities Commission. PLP Second Term: The PLP has settled into a second consecutive term after winning 33 of 41 seats in the May 12 election, with the FNM taking the remaining eight. Business Loss: Prominent retailer and philanthropist Rupert Roberts has died, with PM Philip Davis praising his contributions to inner-city communities. Regional Tourism: Caribbean Week in New York 2026 kicks off June 1, bringing senior tourism leaders to InterContinental New York Times Square under the theme “One Caribbean: Infinite Experiences.” Postal Resilience: St Vincent and the Grenadines is taking part in the CPU conference in Nassau, focusing on digital transformation, logistics, resilience and cybersecurity in postal services.
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