The 2026-2027 Budget Communication was delivered in the House of Assembly by Minister of Finance, the Hon. Michael Halkitis on Wednesday. The presentation was themed A Budget That Builds On Progress.
During the presentation Halkitis highlighted the strong tourism performance along with airport and cruise port projects underway on the island of Grand Bahama. He told Parliamentarians, “total arrivals to the island exceeded one million visitors during 2025 representing growth of 91.2% over the previous year. As of March 2026, arrivals to Grand Bahama reached approximately 438,000 visitors representing growth of nearly three times over the comparable period of 2025 led primarily by sea traffic.”
The minister also mentioned the approval for the development of a pier complex and birthing facility at Billy Cay by Freeport Cruise Terminal Ltd and MSC Cruises. He said, “the project is expected to include retail outlets, entertainment facilities and transportation infrastructure.”
The government has also approved Manchester Airport Group Grand Bahama Ltd. to manage the Grand Bahama International Airport which is currently under construction.
The minister also announced that Lusca Group, owner of subsidiary Grand Bahama Salt Company, has received approval to acquire 100 percent of Morton Bahamas in Matthew Town, Great Inagua. Halkitis said, “the company has committed to investing up to $125 million, not only into the facility itself but across the island at large. The company will prioritize investments in critical areas such as power generation, airport modernization, food store upgrades, community infrastructure and support for local activities and initiatives that will directly and positively benefit residents of Inagua.”
The Finance Minister said that budget reflects progress built on responsible government decisions a careful government reopening, stronger revenue performance and continued support for communities.
