(Graphics by Forward Onward)
Exempt from VAT ancillary fees paid along with tuition fees.
The GFS Deficit will post a further decline in 2016/17 to a level of $100 million, or 1.1 per cent of GDP;
• the primary balance will post a second consecutive surplus in 2016/17, to the tune of $172 million;
• on the current fiscal track, the GFS Deficit will be eliminated in 2018/19 and a small surplus will be posted;
• the ongoing rise of the Government Debt burden will be arrested and the ratio of Debt to GDP will decline to 64.1 per cent in 2016/17, down from the peak of 64.6 per cent in 2015/16. It will fall steadily, thereafter, to stand in the area of 59 per cent in 2018/19.
Thousands of Bahamians, some who have had temporary status for up to two decades, now have steady employment, thanks to this caring administration. They can qualify for loans, mortgages and can rest knowing that they are secure!!