On May 28, 2025, Prime Minister and Minister of Finance Philip “Brave” Davis presented the FY 2025/26 Budget forecast to Parliament, revealing the nation’s first projected surplus since independence. This milestone creates a springboard for opportunity, firmly rooted in the PLP’s values of security, opportunity, affordability, and reform . The forecasted surplus reflects improved revenue systems, new income streams, disciplined spending, and reduced debt—measures that have significantly increased global investor confidence. Prime Minister Davis emphasized this point during a post-Budget appearance at the Bahamas Business and Investment Forum in New York, where he encountered strong international interest . Sustained foreign direct investment now exceeds $10 billion, including support for landmark projects across the islands .
With a surplus, the PLP government is positioned to invest in major infrastructure improvements in critical sectors such as transportation, healthcare, education, energy, and water systems in New Providence and throughout the Family Islands . The Budget elevates workforce readiness through increased support for BTVI, the Polytechnic Accreditation & Training Hub, and the National Maritime Academy, ensuring that Bahamians can step into emerging job opportunities . It also empowers small businesses through business development incentives, recapitalization of the Bahamas Development Bank, enhancements to the Small Business Development Centre, and renewed Venture Capital Fund support—opening paths for entrepreneurs to thrive .
Tourism continues to be a key driver of growth with projected real GDP growth of approximately 1.7–1.8 percent in 2025, fueled by investments such as cruise port expansions and new resort developments that benefit local vendors and workers . Agriculture and fisheries also receive focus, with initiatives like food hubs, seed banks, the Golden Yolk poultry programme, and the establishment of hydroponic farms to lower food costs and enhance food security . The Budget further advances the PLP’s clean energy agenda by integrating utility-scale solar projects and microgrids aimed at reducing utility costs, cutting emissions, and creating new green jobs .
The government’s modernization efforts are strengthened by digital transformation through Cloud Bahamas, updated tax and customs enforcement, and fair revenue sharing in emerging industries such as private cruise destinations and recreational watercraft . These measures position the public service as a responsive partner in national growth. With this Budget forecast, the PLP government is not simply declaring fiscal responsibility—it is delivering a roadmap to national progress. By fostering investment, expanding opportunity, modernizing infrastructure and governance, and targeting support for Bahamians, the Budget forecast stands as a declaration that under PLP leadership, opportunity will reach every corner of this country..
