AGP Executive Report
Last update: 33 minutes agoPublic Finances: The government says it recorded a preliminary $39.3 million surplus in 2025/26, the first fiscal surplus since independence. Revenue rose 16.6% to $3.96 billion, while spending reached $3.92 billion. NIF Scrutiny: The Public Accounts Committee says correspondence suggests the National Investment Fund’s appointed board may not have known about transactions conducted in its name. It plans to question current and former attorneys general as it investigates. Rising Costs: Tropical Shipping will raise bunker surcharges on cargo to The Bahamas by 11.1% from November 8, adding to pressure on businesses and consumers already facing higher fuel costs. Grand Bahama Investment: The $177 million Treasure Cay redevelopment is nearing closing, with permits secured and the buyer working through final items, the government’s investment chief says. Power Reliability: Eleuthera residents report outages disrupting businesses and damaging appliances, while Works Minister Clay Sweeting says he will continue pressing for more reliable service. BTC Leadership: New CEO Gravette Brown has begun a company-wide listening tour, including Family Island visits, focused on employee concerns and improving service.
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