Bahamas Achieves Deficit Reduction

2/13/2012 8:00:00 AM
by Amanda Banks,, London
13 February 2012

The Bahamas Central Bank, publishing latest revenue statistics, said the government achieved a 20% reduction in the territory's fiscal deficit during the first five months of the 2011/12 fiscal year.

Data released by the Bank showed that the nation's deficit was reduced to USD154m, down USD38.8m, mainly as a result of government retrenchment efforts.

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