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The Ministry of Finance is a government ministry of the Bahamas responsible for the care and management of public finances. The development and management of the annual government budget is a major aspect of the ministry's function. [1] Since 1984, Prime Minister of the Bahamas has mostly held the portfolio of Minister of Finance.
Hubert Alexander Minnis, ON [1] (born 16 April 1954) [2] is a Bahamian politician and doctor who served as prime minister of the Bahamas from May 2017 to 16 September 2021. Minnis is the leader of the Free National Movement, the former governing party, and the Member of Parliament for the New Providence constituency of Killarney. [3]
Philip Edward " Brave " Davis KC MP (born 7 June 1951) [2] is a Bahamian politician serving as the prime minister of the Bahamas since 2021. He was the Member of Parliament (MP) for Cat Island, Rum Cay & San Salvador from 1992 to 1997 and returned to the seat in May 2002, which he still represents. Davis was deputy prime minister to Perry ...
v. t. e. The Cabinet constitutes the executive branch and has general direction and control of the Government of The Bahamas. It is necessary for the Cabinet to comprise at least nine Ministers inclusive of the Prime Minister and Attorney General. All Ministers are Members of Parliament of either the House of Assembly or the Senate.
The Central Bank of The Bahamas is the reserve bank of The Bahamas based in the capital Nassau . The bank was established on 1 June 1974 but traces its origins to the currency board established in 1919. [2] The bank carries out the independent monetary policy and supervision of the financial sector of The Bahamas.
Import duties are applied to a wide variety of goods being brought into the Bahamas. The Ministry of Finance maintains a list of commonly imported items, each with its own import duty payable before release to the owner, which can range from zero to 75% of the item's value. VAT, stamp duties and fixed-price environmental levies are also ...
2. Kevin Peter Turnquest (born August 22, 1964) [1] is a Bahamian politician who served as deputy prime minister and minister of finance from May 15, 2017 [2] to November 25, 2020. [3] He is a certified public accountant. [4] He was the deputy leader of the Free National Movement. He earned his Bachelor of Business Administration from Prairie ...
Acklins Island, Bahamas [2] Died. 3 August 2021. (2021-08-03) (aged 93) Nassau, Bahamas. Political party. Progressive Liberal Party. Arthur Dion "A. D." Hanna (7 March 1928 – 3 August 2021) was a Bahamian politician who served as the eighth governor-general of the Bahamas from 2006 to 2010.