MEFD February 2015

Published: Wednesday April 8th, 2015

Based on preliminary economic indicators, the Bahamian economy maintained a mild growth trajectory during the review month, aided by an improving tourism sector performance and ongoing foreign investment-led construction activity. Price developments featured some firming in average consumer prices in January, following the implementation of the new Value Added Tax (VAT) regime, which also boosted tax revenues. However, the overall fiscal deficit for the seven months, through January, of FY2014/15, widened on account of higher spending. In the monetary sector, receipts from real sector activities supported growth in both external reserves and bank liquidity. 

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