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Prime Minister Philip Brave Davis Q, C submitted his first national budget communication to Congress

Budget includes increased civil servants, social support, and increased access to homeowners

Prime Minister and Minister of Finance. Philip Brave Davis QC

Nassau | QC Prime Minister Philip Brave Davis has submitted the first national budget to move the Bahamas forward. This includes plans to grow the economy, create jobs and make the ease of doing business in the Bahamas affordable and friendly to the general public.

Davis outlined that no new taxes would be levied on the Bahamans and elaborated on his government’s vision of rebuilding the economy in the long run, with a particular focus on the family island community. ..

Davis told Congress: “Our strategies to mitigate the effects of this global inflation crisis include: Strengthening price controls. Raising the minimum wage for civil servants. Increasing social welfare support. Catastrophic health. Important new support for care. Establishing a universal service fund to make technology more accessible and affordable across the island. And a large investment to promote home ownership. To reduce costs. Energy reform. “

“And we are also thinking in the medium to long term with a large investment in agriculture to improve national food security.”

“The more we can feed ourselves, the more we can withstand external shocks in the international market and the more people will always be able to choose healthy and affordable foods.”

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https://www.bahamaspress.com/prime-minister-philip-brave-davis-qc-tabled-his-first-national-budget-communication-to-parliament/ Prime Minister Philip Brave Davis Q, C submitted his first national budget communication to Congress

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