Tuesday, February 12, 2013

The Bahamas: Austerity as gov't to implement spending cuts - social services will not be affected

The government in the Bahamas has ordered its various departments and agencies to cut 10 percent from their budgets in response to serious challenges facing public finances.

“We think we can do the spending cuts without cutting back on essential services,” said Minister of State for Finance Michael Halkitis.

Halkitis said critical agencies like the police and the Department of Social Services won’t have to cut their budgets.

The government is expected to formally announce the

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