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Allegations of financial misconduct against Deputy Prime Minister and Minister of Finance, the Hon. Peter Turnquest has captured the headlines recently. Some quarters are...
The reopening ceremony was attended by Deputy Prime Minister and Minister of Finance, the Hon. K. Peter Turnquest; Minister Campbell; Minister of State for Grand Bahama in the Office of the Prime Minister, Senator the Hon. J. Kwasi Thompson; Minister of State for Disaster Preparedness, Management and Reconstruction, the Hon. Iram Lewis; Vice-Chairman of the Grand Bahama Port Authority, Sarah St. George; senior government officials and executive members of the Board of the Children’s Home.
The Financial Administration and Audit Act is among several pieces of legislation to be amended in the upcoming fiscal year The proposed change would require that all government authorities, companies and corporations that receive more than 50 per cent of their operating budget, produce and submit monthly and quarterly financial statements.
Debate on the 2021/2022 Budget opened in the House of Assembly today with Deputy Prime Minister and Minister of Finance Peter Turnquest spending some time clearing up what he called misconceptions about how the government intends to put the country back on a path of economic recovery. A key component of that strategy focuses on fiscal consolidation through revenue enhancement and expenditure containment.