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Volume: 119 No.72, March 7, 2022
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SEVEN YEARS SURPLUS TO HIT BUDGET TARGET
By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net THE government must achieve an “unprecedented and very challenging” four percent primary budget surplus for seven straight years to cut the debt-to-GDP ratio to 50 percent by 2030. The Fiscal Responsibility Council, in its assessment of both the 2021-2022 Budget and the Davis administration’s supplementary changes, warned forecast fiscal trends will not be sufficient to hit the 50 percent ratio as mandated by the Fiscal Responsibility Act by the targeted 2030-2031 fiscal year. A four percent
surplus, equivalent to $463m a year on current projections, would be required each year between 20232024 and 2030-2031 if the government is to achieve its goal following the debt blow-out caused by COVID19 and Hurricane Dorian. Such a surplus has “never been achieved before” in Bahamian history, and Gowon Bowe, who represents the Bahamas Institute of Chartered Accountants on the council, said the government needed to set out “the new actions, revolutionary ideas and new steps” that will achieve this goal beyond simply releasing mere figures. FULL STORY - SEE BUSINESS
WSC TO RESUME CUT OFFS WITHIN WEEKS By RASHAD ROLLE Tribune Senior Reporter rrolle@tribunemedia.net THE Water and Sewerage Corporation will begin mass disconnections on March 28. “Customers who have not honoured their financial agreements are advised to visit their local offices to update those agreements as soon as possible,” the corporation said in a notice. “All customers are further advised to bring their accounts up to date to avoid
the disconnection of their water and sewerage services without further notice.” Strapped for cash, WSC has been aiming to restart disconnections for some time. Last November, the company said disconnections, which were suspended in 2020 to help people cope with the COVID-19 pandemic, would resume on November 15. However, Minister of Works and Utilities Alfred SEE PAGE THREE
TEENS AND TIARAS
ELEVEN beauties vying for the crown of Miss Teen Bahamas International took part in a motorcade in Nassau on Saturday. The contestants assembled at Arawak Cay where their vehicles and outfits were judged before the motorcade began. This pageant is scheduled for April. Photo: Racardo Thomas/Tribune Staff
NIB UNION QUESTIONS SENIOR STAFF REHIRE
TAXI AND JITNEY OWNERS PUSHING FOR FARE HIKES
THE National Insurance Board has hired an “inordinate number of persons” even while telling staff that the difficult fiscal environment will limit what it can
TAXI and jitney drivers have warned they may have to push for fare increases to offset the impact of increasing fuel costs. Wesley Ferguson, the
By RASHAD ROLLE Tribune Senior Reporter rrolle@tribunemedia.net
agree to during industrial agreement negotiations, according to Public Managers Union president Cassandra Lewis. The PMU, which represents NIB employees, has been turning up the SEE PAGE THREE
By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net
TWO DIE IN SEPARATE SHOOTINGS By LEANDRA ROLLE Tribune Staff Reporter lrolle@tribunemedia.net
TWO men were shot and killed in separate incidents over the weekend, bringing the country’s murder toll for the year to 18, according to this newspaper’s records. The latest shooting incident occurred in Millar’s Heights off Carmichael Road around 8pm Saturday. Police said two men and a woman had to be taken to
NEIKO MACKEY, who was shot dead on Mildred Avenue on Saturday at 2am. hospital after being shot by a lone gunman. However,
one of the men later died of his injuries. Sources say the murdered victim is Franklyn Glinton, who was charged with the 2020 killing of 17-year-old Lavard McKenzie. Glinton and his co-accused were granted bail months after their arraignments. According to police, the three were attending a gathering in the community when an armed man
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SEE PAGE TWO
Bahamas Taxi Cab Union’s president, said the sector may seek up to a 25 percent increase on their price-controlled fares depending on how high gas prices soar. This would take prices to $13.75 per mile.
FULL STORY - SEE BUSINESS
INSIGHT WE NEED ACTION ON CLIMATE CHANGE NOT SOUNDBITES SEE PAGE EIGHT