You are correct. But, now which costs will be cut? That is always the question.

Do not put any trust in the "no strings attached" idea.
If this is true, it will be the first time in the history of the world.
There are always stings attached. We will not find out about these until these guys are out of office.

Absolutely right. What percentage of our population understands this?

Quite right, Mr. Allen.
The problem is that we have gotten a bit too used to the present unfair and unequal distribution of wealth and income because there has been more than enough to engorge those at the top, while allowing just enough to trickle down to keep the masses silent. This is true from a political, as well as, an economic perspective here. But, it seems, those days are over.

Not to mention that most of our leaders, business and political, have been educated and brainwashed by this neoliberal economics that has infected our planet. Causing far worse damage than any viral pandemic.

But Mr. Allen, you waded into dangerous territory by mentioning "public good". We all know that in a very vocal Christian community such as The Bahamas, anything that resembles fairness, decency or economic equality, that would qualify itself as truly Christian doctrine, is completely off limits. I suppose that the collection plate on Saturdays and Sundays is heavily weighted towards those who wish to buy the amount of indulgences needed to get into heaven and to keep those pretty church doors open and their pastors living well. It is amazing that the pastors are so ill-educated that they cannot identify Christian principles if they were slapped on the face with them.

We have continued to be misled, not just The Bahamas, but the world, into thinking that the current ideology guiding our economies makes any sense to the vast majority of people on this planet. The numbers bear out this failure, but many people continue to make excuses for these failures, criticizing only the people, rather than the system and ideology behind them. It will be a long row to hoe, Mr. Allen, but I hope that you continue to point out what we should all truly be fighting for. The "public good" is something that is inherently human, decent, right and Christian. It is a shame that so many otherwise decent people are unable to grasp, and argue for, this basic and important concept.

Sorry, but the onus is on you hysippus, not Mr. Allen. He has presented the reality in the stats above. Check them out for yourself, before critiquing what is obvious to anyone with the knowledge base needed to understand this issue. Mr. Allen has presented the evidence above. Short, sweet, and to the point.
There is room for debate, but not prior to understanding what he has said, which it appears you do not.

Mr. Turnquest, Minister of Finance says

'We are not going to sugar coat the realities we face, as they have factored heavily on our decisions. We are going to be clear about our priorities, and what I can say about that, at this time, is that we will make proper provisions to protect the health and safety of Bahamians and residents and to provide sufficient social support. We will do what we must to stabilise the domestic economy, to maximise employment and to transform this crisis into opportunity for our future recovery.”

There will likely be no "recovery" in our lifetimes. What is it, dear reader, didn't you understand about these statements by our MOF? The IMF will assure us that democracy is over in this country. Study Greece, among others. Each political party has come to power by continuing to engorge an already bloated and horribly inefficient public sector. This will come to an end. Painfully, we should add.
Turnquest and Minnis are washing their hands of this. They are out of their depth, with neither the financial, nor intellectual resources to help us at all.
There are nuggets of truth in what is being said, with the hope that few will understand. Why? Because The Bahamas is in for a radical and painful adjustment in our way of life.
We have not saved, planned, nor educated ourselves for times like this.
Those who have "done well", know no other way. We are a pirate nation, sucking as much as we can off what has come our way. We have not developed the necessary skill sets and ethics needed to nurture our whole country. We have been as selfishly slavish to the holy dollar as can be imagined. Our shortcomings and short sightedness will have untold consequences for our children. Minnis and Turnquest already have their foreign bank accounts and second homes abroad. You can bank on that.

Do we shed tears, cry for the past, or move on like mature educated adults?

With all due respect, the new normal requires a departure of the old ways. By definition.
To suggest that we will thrive if only we had more growth, is asinine.
Everything points to the need for a steady state economy.
More localized, less dependent on the outside.
We can compare ourselves to Caymans disregarding that we have one of the highest FDIs and GDPs in the region here, the problem being how these incomes are taxed and distributed.
The only beauty in growth is that it masks the unequal distribution of the massive income streams that have been in existence for decades here.
The bottom line is this. The Bahamas will remain an attractive place to be for some time.
Globalization will be severely curtailed.
Our living world is collapsing. Of this, there is no doubt at all.
Our climate is changing quickly, whereby more storms of more intensity will be the new normal. Temperatures will continue to rise, causing mass migration and severe social disruption.
The very near future, if one pays any attention to the science, will continue to see seismic shifts in the ways of doing business.
It is likely that the measures needed to prevent the spread of Covid 19 and related viruses will continue for our lifetimes.
The existence of The Bahamas as a viable democratic nation is at risk. Our financial situation alone may thrust us into the hands of technocrats who will call the shots.
Our localized economy may suffer even more if we see the collapse of our marine resources, conch, crawfish and fish stocks, as well as, push many more thousands of Bahamians into poverty and starvation.
The money masters in this country now, those with few morals and even less Christian ways, will soon have even more control over our political process, and our economy. And further, due to their unscrupulous greed, they will be unable to relate to the growing number of truly suffering Bahamians which they directly helped impoverish. Our government, which has bowed down to the numbers bosses have put our banking system and entire financial future at great risk. At some point in the very near future, The Bahamas will need to start to produce things of value as an increasing percentage of our GDP. We will need to become much more food independent. We will need to adjust to a much diminished income stream and most importantly, learn to fairly distribute this income much, much more fairly in the future.
You can pay attention to the science, or to your bible, it doesn't matter. The idea that things will go back to the way they were is an indication of the neglect we have shown learning and education. Those who have done well in the past have no guarantee that they will succeed in the future.
When one sees multi billion dollar companies go belly up, does any Bahamian think that their intelligence trumps some of the world's best minds on business and other matters?
The world has changed. Our old economy, if one is to believe reality, has come to an end.

It should be "assess" your finances.
I think everyone can access their finances.

What's wrong with speaking your mind and speaking the truth?