And yet despite the massive debt,none of the parliamentarians of both pollitical sides had the decency to get a paycut to their salaries and perks. However,they made a point of mentioning that they will not have breakfast and lunch at the HOA at the taxpayer's expense.With such drastic cost measures,the economic outlook of the country looks bright indeed.

Average parliamentarian makes an average of $50,000 per year; those with portfolios make an average of $80,000 (notice, I said average - I am aware that an MP who holds a substantive minister post makes slightly over $100,000). SOURCE - 2017 Bahamas Handbook.
The point, even if they cut salaries that will make no dent at all in our financial situation - none. It is like using a teaspoon to drain the ocean.
We did not get to this point because our MPs make $100,000, but rather due to poor education, lack of a strategy for the country and failing to take advantage of a changing global environment.
Save the "take a pay cut" rhetoric for the politicians.

Salaries of the politicians do not create billion dollar deficits. It is the mismanagement of the country's finances that got us there. My point is they don't even make a symbolic gesture that show that they are too into this difficult times. Not only this but they mention that will not have free breakfast and lunch in the HOA,like this is some kind of big deal. Many leaders around the world took a pay cut around this time, not that it will save their economies,but at least shows something.

You do realize that Jacinda Arden - who took a paycut - makes almost $500,000 a year, right? So for her, taking a "symbolic" paycut means she still takes home over $400,000 per year. Our politicians on average dont make one fifth of her salary.
And, no, many leaders did not take a pay cut during this time, so your statement is not accurate.

Let us all hope that the new covid-19 protocols are successful after international air travel resumes and tourism turns around to the extent that the gov will not have to borrow $1.3 billion for the upcoming fiscal year.

Although I am against gambling, this is an opportunity to create a national lottery with the appropriate controls and remove the flow of cash into the hands of a few who have pillaged the over the hill community all these years!

Increase stamp tax on sale of properties over $2 million and start taking legal action against cruise ships that pollute in our waters.

Go rogue against the OECD and find creative ways to attract offshore business again.

Update fines for various criminal offences as well. There are many other ways to increase revenue without hurting the law abiding small man!

From sound Imperialists' redcoats comrade House MP Jeffrey's supreme prayer, no need PopoulacesOrdinary worry be "clothed nor fed...
After all, since 2017 says Dioniso James's new tourism slogan, **It's not only better in the Colony of 700 Out Islands and Cays but we do it as Mother Nature's natural nudists.** It's pure and simple just has pack your toothbrush and Coppertone. Just can't make this naked as sin crap up. Just, **can't.** Nod once for yeah, Twice for no?

population of Bahamas is 392,887 as of Thursday, May 28, 2020

debt is projected to top 10 billion dollars

$ per Bahamian $25.4526

Good observation, although I’d be more interested in know the number that will fall on the “contributing” members of society.
Since we have a large segment of society with a very low income, their minimal if any contribution (ie taxes paid), create a shortfall, and this must be offset/ paid by the contributing members.

While only a fool would think any modern government will ever pay their debt in full; there are borrowing costs paid on an ongoing basis.

These borrowing costs are paid be the net contributing members of society. I’d estimate this to be around 20-40 % of the populous. While the remaining 60% pay some into the system, many drain resources at a rate far greater than their contribution.

I suggest that 80% of the debt costs fall on 20% of the people to service.

Which is why we need to revamp our tax policy. I am agreeing with your statement, btw.

that is for sure, but here is your problem, the Bahamas has both a consumption tax as well and duties etc, both are killing the earning power of Bahamians and the earning power for Bahamians is low compared to the real world, BTW taxing non Bahamians is a non starter, they will simply not return or reside in the Bahamas, time to look at the real issues, implement a income tax, that's fair to all, the more earned the more taxed

You got your decimal point in the wrong place. It should be $2545.26 per person

Nope He was right. 10 billion / 392000= 25 k per

I couldn't help but notice how the **prayerful** Mr. Minnis, **heself alone is closely surrounded by two members his Imperialists' Palace Guards,** as he leisurely strolls over **to be cheered on** by his loyal comrade redcoats House elected MP's stacked House of Assembly **at the ready rubber-stamp** whatever authoritarian bill cause PopoulacesOrdinary lives be placed in fear being arrested, brought before **growing impatient judges** be subject to hefty monetary fine's and, or imprisonment** of which heself alone should decision to present on the floor the House. Nod once for yeah, Twice for no?

National lottery. Cannabis sale and cultivation. So many options have been ignored by this lot. Just borrow, borrow , borrow.

Why not increase the import tax from all these EU countries who blacklist us?

And ma comrade Proguing, who but the broke OrdinaryPopoulaces, will has pays the colony's import and VAT taxes? The actual debt obligation per each PopoulacesOrdinary is more like **$101,810.40+++**

What we are building is the architecture of oppression - in a fantasy economy of debt addiction ' putting us further on the road to wealth destruction ' if we ever had any wealth - life is telling us what we ought to do ' all we need to do is figure it out ' our operational plans need a new revival