Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1697639883377.pdf (Bahamas)
COMMONW EALTH OF THE BAHAMAS 2021 PRE-ELECTION ECONOMIC & FISCAL UPDATE AUGUST 27, 2021 A Requirement of the Fiscal Responsibility Act, 2018 Published by The Ministry of Finance CONTENTS Statements of Responsibility ........................................................................................................................... 3 Accounting and Other Standards ..................................................................................................................... 4 1.
Macroeconomic Forecast ....................................................................................................................... 5 Recent Fiscal Performance and Outlook ................................................................................................. 6 2.
FY2020/21 Outturn ........................................................................................................................ 6 Fiscal Summary ............................................................................................................................. 6 Revenue Forecast ........................................................................................................................... 7 Expenditure Forecast ..................................................................................................................... 9 Debt and Borrowing Plan ............................................................................................................ 10 Tax Relief, Remissions and Waivers ........................................................................................... 12 Arrears and Accounts Payable ..................................................................................................... 12 Fiscal Risks............................................................................................................................................. 13 Macroeconomic Risks ................................................................................................................. 13 Natural Disaster Risk ................................................................................................................... 13 Disease and Pandemic Management ............................................................................................ 13 Pension Liabilities ....................................................................................................................... 14 Exchange Rate Risk ..................................................................................................................... 14 Annex A: Fiscal Responsibility Act, 2018 ........................................................................................... 15 Annex B: Unpaid Invoices (Details by Ministry and Department) ....................................................... 16 3.
TABLES Table 1: Macroeconomic Indicators ......................................................................................................... 5 Table 2: Medium-Term Fiscal Outlook (B$M) .......................................................................................... 7 Table 3: Medium-Term Revenue Estimates ............................................................................................. 8 Table 4: Medium- Term Recurrent Expenditure Estimates by Economic Classification .......................... 9 Table 5: Medium- Term Capital Expenditure Estimates by Economic Classification ............................. 10 Table 6: Gross Borrowing Requirements and Financing ........................................................................ 11 Table 7: Contingent Liabilities/Government Guarantees – June 2021 (B$ thousands) ......................... 12 Table 8: Currency Distribution of Direct Charge (end-June 2021) ......................................................... 14 FIGURES Figure 1: Historic and Forecast Real GDP ................................................................................................. 5 Page | 2 ACCOUNTING AND OTHER STANDARDS The budgetary and forecast data presented in the 2021 Pre-Election Update are prepared using a modified cash basis of accounting and guided by the International Public Sector Accounting Standards (IPSAS) financial reporting under the cash basis.
As such, revenue is recognized when received and not when earned; expenditure is recorded in the period it is incurred and paid; and purchases of fixed assets, including immovable property, plant and equipment, are fully expensed in the year of purchase.
Data tables are prepared using the new chart of accounts introduced on July 1, 2019 which allows for aggregation and presentation of the fiscal data according to the International Monetary Fund’s (IMF) Government Finance Statistics (GFS) 2014 reporting framework for analyzing and evaluating the performance of the government finances.

As data reconciliation is ongoing, annual data for FY2019/20 and FY2020/21 are subject to change, until audited by the Auditor General; therefore, their status is provisional.
Page | 4 1.

MACROECONOMIC FORECAST Amidst global vaccination efforts, the global rebound from the COVID-19 virus remains uneven, due to varying levels of access to vaccines across countries, the emergence of differing virus strains and vaccine hesitancy.

Despite these challenges, global economic growth projections, as prepared by the International Monetary Fund (IMF), stand at 6.0 percent for 2021 and are expected to moderate to 4.9 percent by 2022.
For the United States’, The Bahamas’ major trading partner, the IMF forecasts real GDP growth of 7 percent during 2021— supported by a strong and robust vaccination campaign and federal stimulus packages.

The American Rescue Plan, adopted in March 2021, incorporated a stimulus package valued at 8 percent of GDP in support of small businesses, families and employees.
Table 1: Macroeconomic Indicators INDICATORS GDP Growth (constant, %) GDP Growth (current, %) GDP Deflator (%) Inflation (%) 2020 -16.3 -17.2 -1.4 0.0 2021 2.0 4.1 1.4 2.0 2022 8.5 10.6 2.0 2.8 2023 2024 4.0 6.0 2.0 2.4 3.5 5.5 2.1 2.3 Data sources: April 2021 IMF World Economic Outlook With the US economy recovering from the global economic downturn imposed by the coronavirus, prospects for a rebound of the Bahamian economy remain optimistic.
The US economic revival is expected to have a lagged impact on domestic economic aggregates.

In its April 2021 World Economic Outlook, five months following the conduct of field work for the December 2020 Article IV report, the IMF’s estimated growth in economic output in real terms remains unchanged at 2.0 percent.

Over the medium term, inflationary pressures are expected to firm as the economy rebounds.
The IMF estimates inflation to remain at 2.0 percent in 2021 and peak at 2.8 percent in 2022 (compared to 2.2 percent previously estimated) before stabilizing at 2.3 percent in 2023 and 2024.

Against this largely unchanged outlook for domestic macroeconomic indicators, this report does not anticipate any changes, at this time, in the medium term macroeconomic forecast presented in the 2020 Fiscal Strategy Report (the 2020 FSR) and the 2021/22 annual budget.
Figure 1: Historic and Forecast Real GDP 13.0 8.0 3.0 -2.0 -7.0 -12.0 -17.0 2016 2017 2018 2019 2020 2021 2022 2023 2024 Historic Forecast Note: 2016 to 2020 GDP data are based on Deparment of Statistics estimates.

2021 to 2024 GDP data are based on April 2021 World Economic Outlook data.

Page | 5 2.
Page | 5 2.

RECENT FISCAL PERFORMANCE AND OUTLOOK FY2020/21 Outturn Preliminary data on central Government’s fiscal performance for FY2020/21 indicate an overall deficit of $1,348.8 million (see Table 1), which slightly exceeded the budgeted shortfall by $21.6 million (1.6 percent).

In practical terms, there was no material deviation from the projected deficit.
Budgetary operations for FY2020/21 were dominated by the continued adverse impact of the COVID-19 virus on domestic economic performance which necessitated government maintaining extraordinary levels of expenditures to support social and economic assistance programs, health and safety initiatives and operational requirements of several State Owned Enterprises.

However, these spending pressures were partially mitigated by the better-than-expected revenue performance.
The revenue outturn benefitted from the steady improvement in economic activity during the second half of the year, as the stop-over tourism sector restarted in earnest.

Total revenue for FY 2020/21 settled at $1,872.7 million—some $110.1 million (or 6 percent) ahead of budgetary targets.

This positive outcome reflected the strengthened rebound of the tourism sector in the second half of the year, with both tax and non-tax revenues surpassing budget targets.
Tax receipts of $1,603.3 million, were 105.9 percent of budget.
Relative to the budget, key gains against target were observed in taxes on property, of $38.7 million (36.9 percent)—aided by the government’s tax amnesty program; Value Added Tax (VAT), of $75.4 million; excise taxes, of $14.8 million and immigration fees, of $23.5 million—reflecting the recovery in economic activity; and miscellaneous and unidentified revenue of $17.0 million, which included gains on the sale of securities held in the sinking fund to settle future foreign currency debt obligations.
Nonetheless, reflecting the economic effects of the pandemic on the economy and consistent with earlier expectations, revenue receipts overall were down $226.5 million (10.8 percent) against the outturn of the previous fiscal year.
Aggregate expenditure firmed by $322.7 million (11.1 percent) to $3,220.9 million against the prior fiscal year, boosted by substantial increases in outlays for social assistance benefits ($196.9 million), finance charges ($43.0 million), public debt interest ($77.7 million) and subsidies ($42.2 million).
However, the increase in overall expenditure was partly offset by reductions in spending for compensation of employees ($65.5 million), supplies & materials ($18.9 million), services ($10.3 million), capital transfers ($55.8 million), other fixed assets ($15.6 million) and other machinery ($12 million).

All information for fiscal year 2020/2021 contained in this report are provisional and subject to final audit.
Fiscal Summary Over the near and medium term, the broad fiscal targets and strategies remain as outlined in the 2020 FSR and the 2021/2022 budget communication.

As originally contemplated, the updated framework reflects the anticipated strengthened rebound of the Bahamian economy amidst the global deployment of COVID-19 vaccines and the corresponding release of pent-up demand created as a result of the relaxation of health and safety restrictions.
Accordingly, this report does not anticipate any material deviation from the projections in the Fiscal Strategy Report or the 2021/2022 annual budget presented to Parliament.
Page | 6 Table 2: Medium-Term Fiscal Outlook (B$M) ACTUALS BUDGET FORECASTS 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 Revenue Recurrent 2,086.9 2,086.8 1,872.7 2,246.5 2,577.6 2,801.4 3,012.8 1,872.5 2,244.5 2,575.6 2,799.4 3,008.1 Capital & Grants 0.1 0.2 2.0 2.0 2.0 2.0 Expenditure 2,931.0 3,220.9 3,200.3 2,932.1 3,030.3 3,086.3 Recurrent Expenditure 2,558.8 2,851.4 2,825.9 2,667.5 2,749.9 2,792.4 Capital Expenditure 372.2 369.5 374.4 264.6 280.4 293.9 Overall Balance: Surplus/(Deficit) (844.1) (1,348.2) (953.9) (354.6) (229.0) (73.5) Less: Interest Payments 377.1 422.4 482.5 451.5 429.2 398.4 Primary Balance (467.0) (925.8) (471.4) 96.9 200.2 324.9 GDP (Current Prices) 12,404.0 11,478.0 12,225.5 13,336.5 14,102.5 14,751.5 Government Debt 8,191.2 9,909.3 10,863.2 11,217.7 11,446.7 11,520.2 Overall balance as % of GDP Expenditure as % of GDP Gov't Debt as % of GDP -6.8% 23.6% 66.0% Revenue Forecast -11.7% -7.8% -2.7% -1.6% 26.2% 22.0% 21.5% -0.5% 20.9% 88.9% 84.1% 81.2% 78.1% 28.1% 86.3% As outlined in the 2021/22 budget communication and Table 3 below, revenue forecasts for the current fiscal year and the medium-term horizon assume the following:    a gradual rebuilding of revenue, benefitting from efforts to enhance domestic vaccination rates; a gradual reduction in COVID-19 stimulus concession programs; and an increase in the revenue/GDP ratio from 18 percent of GDP in FY2021/22 to 20 percent of GDP by FY2023/24 In addition to a return to normalized levels, as the impact of the COVID-19 virus dissipates over time, revenues are also expected to be positively impacted by other government programs which include:  the incremental impact of cruise homeporting opportunities throughout the Bahamian economy;  enhanced revenue collections amidst continued digitization of government processes and services and improved revenue administration and tax policies.
Page | 7 Table 3: Medium-Term Revenue Estimates TAX REVENUE (a+b+c+d) a.

Taxes on Property b.

Taxes on Goods & Services (i+ii+iii) i.

General VAT Stamp Taxes (Financial & Realty) Excise Tax ii.

Specific (Gaming taxes) iii.

Taxes on Use of Goods/Permission to Use Motor Vehicle Taxes Company Taxes Licence to Conduct Special Bus.
Activity Marine License Activities Banks & Trust Companies c. Taxes on Int'l Trade & Transactions Customs & other import duties Taxes on Exports Departure Taxes Other d. General Stamp Taxes ACTUALS 2019/20 2020/21 BUDGET 2021/22 FORECASTS 2022/23 2023/24 2024/ NON-TAX REVENUE (e+f+g+h+i+j) 228.6 269.2 318.3 365.2 397.0 426.6 e. Property Income Interest & Dividends Revenue_Gov't Property f. Sales of Goods & Services i.
Fees & Service Charges General Registration General Service Immigration Land & Building Legal Customs Port & Harbour Health Other Fees ii.

Other g. Fines, Penalties & Forfeits h. Reimbursements & Repayments i. Misc.

& Unidentified Revenue j.
Sales of Other Non-Financial Assets TOTAL TAX & NON-TAX REVENUE 2,086.8 1,872.5 2,244.5 2,575.6 2,799.4 3,008.1 Grants Capital Revenue GRAND TOTAL 0.1 0.0 0.2 0.0 2.0 0.0 2.0 0.0 2.0 0.0 2.0 0.0 2,086.9 1,872.6 2,246.5 2,577.6 2,801.4 3,010.1 Page | 8 Expenditure Forecast As outlined in the 2021/22 budget communication and in Table 4 below, expenditure forecasts for the current fiscal year and the medium-term horizon assume the following:  The resurgence of a second and now third wave of COVID-19 in country has necessitated the extension of certain social support programs during FY2021/22.
Recurrent expenditure is expected to increase to 23.1 percent of GDP in 2021/22.

 With the reduction in the need for COVID-19 support spending by FY2022/23, recurrent expenditure is anticipated to normalize over the medium term.
Recurrent expenditure as a share of GDP is expected to decline to 19 percent of GDP in 2022/23 and further decline to 18.4 percent by 2024/25 Table 4: Medium- Term Recurrent Expenditure Estimates by Economic Classification ACTUALS 2019/20 2020/21 BUDGET 2021/22 2022/23 FORECASTS 2023/24 2024/25 Compensation of Employees Wages & Salaries Allowances NIB Contribution Use of Goods & Services of which: Travel & Subsistence Rent Utilities & Telecommunications Supplies & Materials Services Minor capital repairs Finance charges Special Financial Transactions Tourism Related Local Gov't Districts School Boards Other Public Debt Interest Subsidies Grants Social Assistance Benefits Pensions & Gratuities Other Payments Current Transfers n.e.c.
Insurance Premiums TOTAL Total Recurrent Expenditure Compensation of Employees Use of Goods & Services Public Debt Interest Subsidies Social Assistance Benefits Pensions & Gratuities Other Payments (in percent of GDP) Page | 9 Table 5: Medium- Term Capital Expenditure Estimates by Economic Classification Capital Transfers Acquisition of Non-financial assets Fixed Assets Buildings other than dwellings Other structures Transport equipment Other Machinery & equipment Land Improvements Other fixed assets Land TOTAL ACTUALS BUDGET FORECASTS 2019/20 2020/21 2021/22 2022/23 2023/24 2024/ (in percent of GDP) Capital Transfers Acquisition of Non-financial Assets CAPEX (in percent of GDP) CAPEX (as percent of total expenditure) 1.2 1.7 2.8 0.1 0.8 2.4 3.2 0.1 1.1 2.0 3.1 0.1 0.8 1.2 2.0 0.1 0.8 1.2 2.0 0.1 0.9 1.4 2.4 0.1 Debt and Borrowing Plan At end-June 2021, the Government’s direct charge stood at an estimated $9,935.3 million, which equated to an estimated 86.3 percent of GDP.
Of the total debt stock, approximately $5,386.6 million or 54.2 percent was in Bahamian Dollars and the balance of $4,548.7 million (45.8 percent) in foreign currency—the bulk of which is in United States Dollars.

The FY2021/22 Annual Borrowing Plan, released by the government on July 8, 2021, outlined the annual strategy for debt operations within the context of the $1,851.9 million aggregate financing requirement approved by the Parliament.
See Table 6 for details of the borrowing requirements and prospective financing transactions.

As proposed, the 2021/22 debt strategy contemplates sourcing approximately 48.2 percent of the borrowing requirements from the domestic market and the remaining 51.8 percent from foreign currency sources.
Following the conclusion of a competitive Request for Proposal process, the government awarded a mandate to Goldman Sachs, in late July, 2021, to be the book-runner on a proposed US$700 million bond transaction— of which a maximum tranche of US$200 million is to be guaranteed by the Inter-American Development Bank.

Alongside this bond issuance, the government also intends to pursue a liability management transaction for at least 50 percent of its existing US$300 million 2024 bond issue.
Page | 10 Table 6: Gross Borrowing Requirements and Financing FY2021/22 BORROWING REQUIREMENTS (B$M) Fiscal deficit Debt redemption Domestic Loans Securities External Loans Securities Total FINANCING Domestic debt Bonds Loans External debt Bonds Loans Banks IFIs Total -951.9 -899.7 -767.1 -197.9 -569.1 -132.6 -132.6 -0.0 -1,851.6 892.4 779.1 113.3 959.2 700.0 259.2 19.0 240.2 1,851.6 Source: Ministry of Finance Note: Data excludes rollovers of short-term Treasury bills/notes, which are presented in Section 4 of the 2021/22 Annual Borrowing Plan.
Since July 1, 2021, to the date of this report, the Government’s fund raising activities against the FY2021/22 borrowing authorization totaled approximately $187.0 million.

This comprised $173.0 million in 91-day Treasury bills, scheduled to be retired out of the proceeds of the prospective international bond issuance; and $14.0 million by way of new bond issuance.
The government also refinanced $52.3 million in maturing bonds via a combination of new bonds ($18.1 million) and Treasury bills ($34.2 million)—activities which do not result in an increase in the outstanding debt.

For the forward years, government’s net borrowing is expected to follow the trajectory of the annual deficit as outlined in Table 2 above.
Based on this, and assuming that debt repayment is refinanced, the aggregate of prospective borrowings to meet the projected deficits in FY2021/22 through FY2024/25 will culminated in the government’s direct charge increasing to an estimated $11,520.2 million by FY2024/25, which is consistent with the FSR 2020 projections (see Table 2).
CONTINGENT LIABILITIES Explicit contingent liabilities reported as at June 2021, include guarantees or obligations undertaken by the GBEs that may go unmet and therefore become liabilities of the government.

Currently, these liabilities are estimated at $420 million, the bulk of which are obligations of the Mortgage Corporation (38 percent), Public Hospitals Authority (16 percent), the Water & Sewerage Corporation (16 percent) and the Educational Loan Authority (11 percent).
Page | 11 Table 7: Contingent Liabilities/Government Guarantees – June 2021 (B$ thousands) ACTUALS BUDGET FORECASTS 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 Bahamas Development Bank 41,010 41,030 41,000 23,000 21,000 Bahamas Electricity Corporation 246,000 246,000 - Bahamas Water & Sewerage Corporation Bridge Authority 74,272 16,000 69,665 65,059 16,000 16,000 - 58,150 16,000 - 53,550 16,000 Bahamas Mortgage Corporation 160,000 160,000 160,000 159,900 139,900 Education Loan Authority The Clifton Heritage Authority Public Hospitals Authority Small Business Development Center Lucayan Renewal Holdings Ltd. Total Contingent Liabilities 62,000 24,000 82,878 291 30,000 62,000 47,000 24,000 24,000 74,566 66,464 1,256 20,000 - - 47,000 24,000 47,090 290 - 20,000 24,000 43,160 290 - 736,451 714,517 419,523 375,430 317,900 16 - 51 8 126 20 24 39 1 - 286 Tax Relief, Remissions and Waivers During the FY2021/22 Budget Communication and debate, the government announced several programs designed to stimulate and accelerate the pace of economic recovery in The Bahamas—primarily covering tax concessions to the Bahamian public and interested investors.
The impact of these programs are incorporated in the fiscal projections for FY2021/22 and include the following: - - - - Launch of a VAT tax credit programme for businesses, Small businesses duty concessions programme on the purchase of inventory for new businesses, Tax concessions on construction materials and business related expenditures provided to small businesses in eleven (11) Family Islands, and Extension of the Real Property Amnesty Programme to eligible applicants to August 2021.
Other than these tax concessions and waivers, there have been no tax remissions granted as at the date of this report.

Arrears and Accounts Payable The government continues to liquidate outstanding payment arrears uncovered during FY2017/2018, originally placed at $362.0 million in the budget for FY2018/2019.

As at end-June 2021 the remaining balance stood at $64.3 million.
Government accounts payables, which include unpaid invoices for government Ministries and Departments reported to the Ministry of Finance as at August 25, 2021 aggregated $108.8 million.

Annex B provides the details of all invoices reported to the Ministry of Finance by Ministries and Departments.

The information on Accounts Payable represents the position at August 25, 2021.

The Accounts Payable position changes daily as invoices are paid or submitted for settlement.
The position as at the reporting date represents the equivalent of 3.4 percent of FY2020/21 total provisional expenditure and less than a half- month’s equivalent of average expenditure during the last fiscal year.

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FISCAL RISKS Given the continuing impact of the COVID-19 pandemic on global health systems and the inherent risks to the Bahamian archipelago posed by hurricanes due to its geographic location, the fiscal risks to the Bahamian economy remain unchanged from those disclosed in the 2020 FSR.
Macroeconomic Risks As disclosed in the 2020 FSR and the 2021/22 Budget Communication, outside of general macroeconomic risks inherent in any fiscal plan, the risk of contractions in the global economy due to the COVID-19 pandemic remain, and the incidence of additional waves of viral spread.

These general macroeconomic risks were contemplated in the context of preparation of the 2020FSR and the 2021/22 Budget.
As at the time of production of this report, as the domestic outlook has not been revised, government is minded to maintain its current strategy to mitigate this risk.

Natural Disaster Risk The Bahamas continues to experience the effects of climate change as the country bears the prospect for stronger and larger hurricanes from year to year.
To adequately manage the impacts of climate change and mitigate the risk of disasters across the country, the government maintains several key measures to reduce both the nation’s vulnerability and financial obligations in the aftermath of these disasters.
As outlined in the 2020 FSR, the government has a multi-pronged approach to addressing this risk factor, which included the creation of the Ministry of Disaster Preparedness and Reconstruction to improve the framework and protocols for planning, preparation and responding to natural disasters; renewing its line of credit with the Inter-American Development Bank (IDB) for use in defraying the costs of rehabilitation and reconstruction following a severe weather event; maintaining its parametric insurance policy with the Caribbean Catastrophic Risk Insurance Facility; strengthening The Bahamas’ resilience to coastal risks through the implementation and adoption of sustainable coastal protection infrastructure and management; and the establishment of a disaster fund with proceeds from the extinguished dormant account funds.
Disease and Pandemic Management The government recognizes the need to upgrade the nation’s health infrastructure, to ensure that current capacity challenges such as limited bed space and insufficient equipment are addressed.

The current budget and forecasted years have allocated necessary resources to shore up the health sector framework for greater health management.
Following the devastation of Hurricane Dorian and the COVID-19 pandemic, which magnified gaps in public health care facilities, the Government has embarked on a significant upgrade to the core health infrastructure, with the sum of $100 million to be invested during the next 18 months.
In 2020/2021, the Government obtained a Multilateral Investment Guarantee Agency (“MIGA”)-guaranteed loan from Banco Santander SA of Spain (“BS”), of which $89.0 million is for modernizing the public health system in New Providence to respond to COVID-19 and build resilience post-pandemic.
This funding will provide for an increase in bed capacity in public sector hospitals by 22 percent; the creation of a new infectious disease unit at the Princess Margaret Hospital (PMH), and the expansion of the emergency department at the PMH.
In 2021/2022, the Government commenced negotiations for an estimated $40 million MIGA guaranteed-loan facility from BS ($19.0 million to be drawn in FY2021/22), to cover the cost of a new climate resilient four story facility, at the Rand Memorial Hospital (RMH) in Grand Bahama.

This builds upon the recent renovation works at the RMH which were carried out at a cost of approximately $18 million.
Page | 13 Pension Liabilities The government continues to address its pension obligations and is completing a study on alternative options to address current and future pension liabilities Exchange Rate Risk Exchange Rate Risk is the risk that The Bahamas’ debt position will deteriorate due to changes in the Bahamian Dollar relative to other currencies.
The Bahamas’ exchange rate risk remains limited, as the Bahamian dollar maintains parity with the US Dollar and the government maintains several currency swap arrangements for borrowings denominated in other currencies to mitigate the impact of extreme currency deviations.
Table 8: Currency Distribution of Direct Charge (end-June 2021) Currency Bahamian Dollar US Dollar IMF SDR's Swiss Francs Euros Chinese Yuan Total B$M 5,386.6 3,958.1 250.9 186.5 65.3 61.9 9,909.3 Share 54.4 39.9 2.5 1.9 0.7 0.6 100.0 Page | 14 Annex A: Fiscal Responsibility Act, 2018 THIRD SCHEDULE (Section 11) CONTENTS OF A PRE-ELECTION UPDATE REPORT 1) The pre-election update report shall contain — (a) updated macroeconomic forecasts and assumptions from the fiscal strategy report or mid- year review, whichever is the most recent; (b) updated fiscal information including— i.
Government revenue outturn and forecasts for the current year and next three years; ii.

Government expenditure outturn and forecasts for the current year and next three years including for expenditure, primary expenditure and expenditure on wages and related personnel costs; iii.

approval of new spending since the annual budget including major investment and service projects and policies; iv.
fiscal balance forecast for the current year, fiscal balance for past two years, and forecast next three years; level of guarantees; v. net and gross debt for the current year and next three years; vi.

vii.

tax relief, remissions, and other waivers; viii.

the outstanding stock of arrears for all government entities including showing separately all new unpaid invoices since the stock of arrears was last reported; and ix.
other significant financing matters that have occurred or are planned; and (c) an update of the fiscal risk position compared to the fiscal strategy report and the annual budget; (d) a statement of responsibility signed by the Minister that the Pre-Election Economic and Fiscal Update includes — i. all policy decisions with material economic or fiscal implications that the Government has made before the day on which the contents of the Pre-Election Economic and Fiscal Update was finalised; and ii.
all other circumstances with material economic or fiscal implications of which the Minister was aware before that day; and (e) a statement of responsibility signed by the Financial Secretary that the Pre-Election Economic and Fiscal Update has been prepared by the Ministry— i. using its best professional judgments; and ii.
on the basis of economic and fiscal information available to it before the week on which the contents of the Pre-Election Economic and Fiscal Update was finalised; and (f) a statement of the accounting and other standards applied which shall be the accounting standards adopted for the Government consistent with internationally accepted standards and where such standards are not used, then an explanation of the deviation shall be provided.
Page | 15 Annex B: Arrears and Account Payable Details by Ministry and Department Arrears Details As at end-July 2021, government settled $297.7 of the facility established to liquidate $362.0 million in then unreported payment arrears identified in FY 2017/18.

The remaining liability balance of $64.3 million will continue to be addressed over the medium term through the budgetary process.

These are reported in the annual budget exercise.


Payment categories include Rent Arrears, Outstanding Recurrent Commitments, and arrears related to the National Drug Plan.

To service these obligations, budgetary allocations committed for the current fiscal years is $30.9 million, with $24.0 million and $24.2 million forecasted to settle these liabilities for fiscal years 2022/23 and 2023/24, respectively.
Account Payable Details Note that In an effort to respect the right to privacy of staff/employees or the beneficiaries of government assistance programs, recipient names have beeremoved from invoice details of payment of any form of employee compensation/reimbursement, as well as to payments related to individuals receiving social welfare assistance.

These items are identified as “N/A” on the attached listing.
Ministry/Department : MINISTRY OF THE PUBLIC SERVICE & NATIONAL INSURANCE # VENDOR Broadcasting Corporation Navy Lion Investments Marcel Wilkinson Marcel Wilkinson Kathy V. Smith Mortimer & Co. Fattoy Holdings Limited Christ Church Cathedral Bahamas Island Co-operative Credit Union Central Storage Dumor Limited Incorporated Trustees Police Credit Union Bahamas Logistics Centre Management & Rental Services Llewellyn A. Cartwright DESCRIPTION OF EXPENDITURE - RECURRENT $ AMOUNT Basic Rent on behalf of Bahamas Information Services Basic Rent, CAM Fees and VAT on behalf of Tourism Basic Rent on behalf of Ministry of Education Basic Rent on behalf of Ministry of Education Basic Rent for Governor General's residence Basic Rent for Ministry of Disaster, Preparedness, Management & Reconstruction.
Basic Rent for Ministry of Education National Literary Services Basic Rent for Ministry of Tourism Basic Rent for National Drug Council Basic Rent for Ministry of Tourism, Warehouse spaces Basic Rent for Office of the Attorney (Freeport, Grand Bahama) Basic Rent for Ministry of National Security Basic Rent for Office of the Prime Minister (Land Unit) Basic Rent for Governor General's Office (storage space) Basic Rent for Auditor General, Parking Basic Rent for Department of Social Services Page | 16 $195,160 $ 680,414 $64,000 $16,000 $21,200 $44,027 $12,859 $23,520 $8,400 $8,363 $ 56,588 $35,000 $53,760 $12,992 $5,400 $ St. Anne's Parish Office Interior Specialists Career Builders Sunshine Plaza Bay Street Property Limited Colina Insurance Limited Parliament Properties Renaldo Investments Bahamas Realty Limited Bahamas Realty Limited Bahamas Realty Limited Bahamas Realty Limited Bahamas Realty Limited Bahamas Realty Limited Bahamas Realty Limited Bahamas Realty Limited Bahamas Realty Limited Bahamas Realty Limited Bahamas Realty Limited Bahamas Realty Limited Marion Strachan Wild Flowers Philip/Carolyn Beneby Caribbean Land Holdings Ellen Serville NationalWide Development Rolle & Rolle Rolle & Rolle APD Limited (Arawak Port Development) APD Limited (Arawak Port Development) Jansel Bahamas First Terrace First Terrace Nassau Airport Development Nassau Airport Development Kendal Munnings Basic Rent for Department of Social Services, Demetrius Centre Basic Rent for NEMA Warehouse, Fire Trail Road for the period June 2021.
Basic Rent for Department of Digitalization and Transformation Basic Rent for Department of Social Services Basic Rent for Leader of the Opposition.
Basic Rent for Ministry of Health Basic Rent for Office of the Speaker Basic Rent for Department of Social Services, Freeport, Grand Bahama Basic Rent for Ministry of Agriculture and Marine Resources Basic Rent for Ministry of Tourism Basic Rent for the Gaming Board Basic Rent for the Gaming Board Basic Rent for Industrial Tribunal Basic Rent for Office of the Judiciary Basic Rent for Office of the Judiciary Basic Rent for Industrial Tribunal Basic Rent for Industrial Tribunal Basic Rent for the Gaming Board Basic Rent for Urban Renewal Basic Rent for Urban Renewal Basic Rent for Office of the Attorney General Basic Rent for Public Defenders Office Basic Rent for Department of Inland Revenue Basic Rent for Department of Inland Revenue Basic Rent for Ministry of Education UNESCO Basic Rent for Bahamas National Geographic Information System Basic Rent for Department of Social Services Basic Rent for Department of Social Services Basic Rent for Ministry of Health (warehouse) Basic Rent for Ministry of Finance/Customs Basic Rent for Department of Labour (Freeport, Grand Bahama) Basic Rent for proposed office for Auditor General Basic Rent for proposed office for Auditor General Basic Rent for Meteorology Department Basic Rent for Post Office sub-office Basic Rent for Road Traffic Department Page | 17 $4,500 $4,200 $7,240 $214,530 $5,557 $245,719 $21,937 $27,872 $138,051 $37,112 $15,427 $38,004 $57,487 $15,483 $16,506 $18,648 $8,792 $98,587 $54,949 $54,949 $8,125 $10,150 $337,224 $45,000 $4,419 $16,800 $45,920 $ 7,200 $14,280 $91,727 $26,280 $43,264 $64,896 $11,464 $11,525 $ Nassau Enterprises Nassau Enterprises Source River Source River Frederick Street Properties Frederick Street Properties J & P Investments V.B.M.
Holdings Edward Penn MBBS Legacy Darville's Wholesale Strategic Property Holdings Limited Strategic Property Holdings Limited Scottdale Industries Teacher's and Salaried Workers Credit Union R N D Holdings Bahamas Business Solutions Monarch Development FINCEN LTD. Russell Road Properties National Insurance Board National Insurance Board National Insurance Board National Insurance Board National Insurance Board National Insurance Board National Insurance Board National Insurance Board National Insurance Board National Insurance Board National Insurance Board National Insurance Board National Insurance Board National Insurance Board National Insurance Board Basic Rent for Registrar General's Department Basic Rent for Registrar General's Department Basic Rent for Bahamas Agriculture Food Safety Basic Rent for Bahamas Bureau & Standards Basic Rent & Parking for Auditor General Department Basic Rent for Ministry of Tourism Basic Rent for Ministry Finance/CPU Gladstone Rd.
Basic Rent for Department of Social Services Basic Rent for National Job Creation Skills Enhancement Programme Unit (NJCSEP) Basic Rent for Department of Inland Revenue Basic Rent for National Training Agency & Department of Agriculture Basic Rent for Ministry of Tourism Basic Rent for Ministry of Tourism Basic Rent for Public Treasury Basic Rent for National Health Insurance Basic Rent for Department of Social Services Basic Rent for Bahamas Information Services Basic Rent for Immigration Department Basic Rent for Registrar General's Department Basic Rent for Ministry of Health (HIV/Aids Secretariat) Total Amount Required for Rent Rental and VAT Fees on behalf of the Polyclinics and the BPL Exam Mini Hospital Rental and VAT Fees on behalf of Wulff Road Bldg.
Rental, Maintenance, and VAT on behalf of Farrington Road Building Rental, Maintenance, and VAT on behalf of Freeport Office Complex Maintenance Fees and VAT on behalf of facility in Marsh Harbour, Abaco Maintenance Fees and VAT on behalf of Police Headquarters Complex Maintenance Fees and VAT on behalf of Police Gate House Maintenance Fees and VAT on behalf of Police Gymnasium Maintenance Fees and VAT on behalf of Police Duplex Residences Maintenance Fees and VAT on behalf of Police Dormitories Maintenance Fees and VAT on behalf of C. A. Smith Government Complex Maintenance Fees and VAT on behalf of Thompson Boulevard Building Maintenance Fees and VAT on behalf of J L Centre Building Rental, VAT and other fees on behalf of Gerald Bartlett Building Rental, VAT and other fees on behalf of JL Centre Building Page | 18 $190,531 $30,227 $108,490 $141,333 $41,938 $36,926 $68,320 $20,888 $ 97,711 $274,156 $189,000 $99,656 $298,967 $ 290,400 $197,400 $61,393 $244,694 $11,536 $538,633 $157,920 $6,472,812 $585,402 $20,975 $136,246 $420,885 $846,130 $255,886 $348 $6,179 $21,841 $288,663 $631,263 $1,009,262 $805,947 $191,150 $1,260,254 88 89 90 91 92 93 94 95 96 97 98 National Insurance Board National Insurance Board National Insurance Board National Insurance Board National Insurance Board National Insurance Board National Insurance Board National Insurance Board Rental, VAT and other fees on behalf of Thompson Boulevard Building Rental, VAT and other fees on behalf of C. A. Smith Building Rental, VAT and other fees on behalf of National Security Bldg.
Rental, VAT and other fees on behalf of Wulff Road and Polyclinics Basic Rent, Standard Maintenance and VAT for Freeport Office Complex Rental, VAT and other fees on behalf of Polyclinics.
Maintenance Fees and VAT on behalf of Claughton House Maintenance Fees and VAT on behalf of Claughton House F & B Security F & B Security Security Services at Ministry of Public Services & National Insurance Security Services at former General Post Office Parking Lot Estimated Total required for NIB-Lease Agreement Total Amount Required for Security Services Colina Insurance Balance owing on account for ASO/Fully Insured Groups TOTAL Estimated Total required for Insurance Premiums $659,238 $946,554 $1,598,176 $607,611 $233,735 $1,168,239 $567,572 $575,454 $12,837,009 $35,457 $19,500 $54,957 $39,746,272 $39,746,272 $59,111,049.53 Ministry/Department: OFFICE OF THE ATTORNEY GENERAL & MINISTRY OF LEGAL AFFAIRS VENDOR DESCRIPTION OF EXPENDITURE - RECURRENT $ AMOUNT # # 1 Lexis Nexis Lexis Nexis Lexis Nexis Lexis Nexis Humco 2x Hle Replacement - Invoice No.
Io549781d Invoice No.

Io502711b Online Renewal - Invoice No.

D197155op Invoice No.
J1588 Surveying - Grand Bahama Airport – Balance Bdo Canada Llp Outstanding Interest Payments TOTAL VENDOR DESCRIPTION OF EXPENDITURE - CAPITAL WHITTINGHAM DESIGNS SPACE PLANNING - FINAL DESIGN - BALANCE – RGD TOTAL Ministry/Department: BAHAMAS DEPARTMENT OF CORRECTIONAL SERVICES # 1 2 VENDOR N/A N/A DESCRIPTION OF EXPENDITURE Salary arrears – promotion Reinstatement from interdiction Page | 19 $29,575 $12,951 $17,274 $11,483 $16,830 $87,111 $175,223 $ AMOUNT $3,325 $3,325 $ AMOUNT $3,950 $130,213 N/A N/A N/A N/A N/A N/A N/A N/A Reinstatement from interdiction Salary arrears Salary arrears Vacation, holiday pay, Owed days Salary arears Deceased officer - Vacation, Salary Vacation, Public holiday, Owed days Vacation Leave, Public Holiday, Owed days Vacation Leave, and owed days Sun Oil Ltd. Fuel United Sanitation Services Collection of garbage Invoice 44703, 44705,44536,44626 TOTAL Ministry/Department: PUBLIC TREASURY DEPARTMENT $281,196 $29,633 $12,297 $2,575 $7,968 $5,985 $219 $3,100 $3,289 $440 $480,864 # VENDOR DESCRIPTION OF EXPENDITURE $ AMOUNT Al Jennings Import & Export Towing Of Government Vehicles From Public Treasury Abaco M/V Legacy/Dean's Shipping Co. Ltd. Transporting Government Vehicles From Abaco To New Providence John Bull Quality Auto Sales Ltd. Quality Auto Sales Ltd. John Bull Variety Disposable Products Harrold Road Business Centre Executive Printers Central Bank of The Bahamas Colina Insurance Bahamas Power and Light New Providence Ecology Public Hospitals Authority National Health Insurance Proficient Business NIB-Contribution Purchase Of An Executive Chair Government Vehicle Maintenance (Plate # Gv 4033) Government Vehicle Maintenance (Plate # Gv 4033) Purchase Of Office Supplies Purchase Of Cleaning Products Purchase Of Cleaning Products Purchase Of 3 Part Vouchers Payment on Promissory Notes Insurance Services Electricity Bills Maintenance of New Providence Landfill Subvention Payable Subvention Payable Payable for IT
 Services Received Salary Contribution Payable Page | 20 $170 $728 $369 $359 $1,455 $6,330 $302 $218 $6,232 $13,938,199 $2,492,405 $2,449,266 $1,568,000 $1,554,328 $3,750,000 $985,284 $4,316,017 18 19 Lucayan Renewal Holdings Bahamas Public Parks and Public Beaches Authority Subvention Payable Subvention Payable TOTAL Ministry/Department: Ministry of National Security # # VENDOR DESCRIPTION OF EXPENDITURE - RECURRENT 1 Migrafill 2 Government Printing Electronic Monitoring File Jackets/Flyers 3 Int'l Centre for Parliamentary Studies Course Attendance in Tackling Human Trafficking 4 Proficient Business Services CCTV Maintenance VENDOR DESCRIPTION OF EXPENDITURE TOTAL 1 Proficient Business Services CCTV Expansion Project 2 Motorola 3 Friendly Ford 4 AE Tactical Mobilzation of Real Time Crime Center Balance owed on 3 Trucks (RBPF) Abaco Subscription Cloud Services for Body Cameras TOTAL Ministry/Department: ROYAL BAHAMAS POLICE FORCE $773,580 $2,312,605 $34,155,849 $ AMOUNT $251,966 $2,150 $2,005 $269,000 $525,122 $ AMOUNT $985,284 $314,261 $599 $162,000 $1,462,144 # DESCRIPTION OF EXPENDITURE $ AMOUNT The Getaway Restaurant The Palm Shack Memories Funeral Home Premier Removal Services Rest On Funeral Chapel St. Ambrose Removal Last Mile Of The Way Miami Dade Medical Examiner Sanitation Services Meals For Persons In Custody Meals For Persons In Custody Removal Of Dead Bodies Removal Of Dead Bodies Removal Of Dead Bodies Removal Of Dead Bodies Removal Of Dead Bodies Toxicology Services Garbage Disposal Russell & Pinder's Funeral Home Removal Of Dead Bodies Brothers Electrical Contractor Electrical Inspection Page | 21 $24,197 $19,942 $2,025 $550 $500 $550 $550 $3,511 $331 $784 $ Progressive Locks & Safe Teigs Signs Kelly's Freeport Clearview Glass & Window Repair Paint Fair Ltd. Office Plus Lowenmill Construction Sandra Russell The Palm Club Tawari &
 Sheryl Rodgers Murdina Smith William & Estella Glinton Mr. Baker Rekeying Locks Signage For Station Building Material Building Material Paint And Paint Supplies Alternator For Generator Rental Accommodations Rental Accommodations Rental Accommodations Rental Accommodations Rental Accommodations Rental Accommodations Meals Provided Jc Enterprise Marine Land & Sea Ltd.
Towing Services Martin Auto Connection Teigs Signs & Engraving Carey's Parts & Auto Sales Quality Auto N/A N/A Towing Services Signage For Police Vehicle Car Parts Car Parts Reimbursement For Purchase Of Airline Ticket Reimbursement For Purchase Of Airline Ticket Going Places Travel Travel Accommodations N/A N/A Shornae Rolle Bahamasair Ltd. Flamingo Air Ltd. Western Air Ltd. Airport Authority Grace Funeraal Home Charlene Jean Bahamas Waste Mgt.
Rooney's Auto #2 Subsistence Subsistence Meals Provided Airline Accommodations Airline Accommodations Airline Accommodations Id Badges For Restricted Areas Removal Of Dead Bodies Translation Services Removal Of Garbage Dumpster Gasoline Fuel Page | 22 $300 $300 $276 $172 $150 $176 $20,400 $2,800 $1,675 $1,400 $1,400 $1,000 $35 $910 $630 $250 $150 $140 $134 $134 $1,924 $210 $140 $248 $2,547 $1,939 $652 $608 $1,650 $150 $3,768 $ Rahming Gas Station King's Supply Sandra Petty Hall's Grocery Store Office General Highway Service Station Glenroy Johnson Culmer's Balara Bay Service Station Highway Service Station North Eleuthera Service Station Briland Gas & Oil Limited Pinder & Sons Ltd. Bimini Blue Water Resort Nais Service Station Great Harbour Management Long Island Petroleum Morton Bahamas Pirates Well Mayaguana Moxey's Shipping Hanchell Brothers Mortuary Reserves Allowance The Breakfast Loft Gasoline Fuel Gasoline Fuel Prisoners Meals Cleaning Supplies Office Supplies Supplies For Vehicle Maintenance Meals For Officers Fuel Fuel Fuel Fuel Fuel Fuel Fuel Fuel Fuel Fuel Meals For Officers Transport Of Local Things Removal Of Dead Bodies Allowances Prisoner Meals New Era Fire & Safety Equipment Parts For Fire Engine Bethel Books & Stationers Office Supplies Foto Factory Bellvue Business A.T.L.
Ferries Ltd Awards & Signs Center Halt Industries Five Star Shipping Company Ato Landscaping M & J Maintenance Printing & Duplication Services Copy Paper Ferry Boat Services Rubber Stamps Drinking Cups Shipping Services Maintenance Of Landscape Janitorial Services Page | 23 $970 $536 $1,814 175 $605 $255 $85 $1,420 $910 $1,219 $490 $259 $3,542 $1,842 $539 $1,413 $1,358 $96 $584 $590 $108,633 $1,295 $500 $90 $578 $499 $1,915 $94 $128 $487 $500 $1,680 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 N/A N/A The Uniform Place Ltd. Charlene Jean Hanchell Brothers Mortuary Dna Labs International Friendly Motors Ltd. Eagle Electrical Lighting Audio & Visual Grace Funeral Home Dignity Memorial Mortuary Subsistence Subsistence Tailoring Services Translation Services Removal Of Dead Bodies Dna Analysis For Court Repairs To Police Vehicle Electrical Material For Maintenance Section Communication Equipment Removal Of Dead Bodies Removal Of Dead Bodies Sunset Mortuary & Crematorium Removal Of Dead Bodies Legacy Memorial Mortuary Removal Of Dead Bodies Bahamas Kennel Club Ultimate Cleaning Solutions Registration Of Canine Officers Hand Sanitizers TOTAL $140 $140 $456 $100 $590 $11,130 $6,449 $499 $372 $1,950 $3,200 $550 $3,300 $50 $185 $270,494 DESCRIPTION OF EXPENDITURE $ AMOUNT Ministry/Department: Department of Education # VENDOR Bahamas Air Holdings Ltd. Bahamas Air Holdings Ltd. Bahamas Air Holdings Ltd. Bahamas Air Holdings Ltd. Bahamas Air Holdings Ltd. Bahamas Air Holdings Ltd. Bahamas Ferries Bahamas Office & Supplies Bahamas Office & Supplies Freight to Exuma Freight to Inagua Freight to Acklins Freight to Crooked Island Freight to San Salvador Freight to Mayaguana Freight to Various Islands 24-Flag Post It Arrows 3- SAF- 4086 Convertible Hand Truck 10 Bahamas Office & Supplies 3- Dry Erase Board Magnetic 4x3 BVC-CR0801170MV Page | 24 $56 $165 $178 $212 $206 $170 $250 $204 $1,277 $ Racquel Clarke TCL Group Deep South Book Store Executive Motors Flamingo Air Limited Flamingo Air Limited Global Sun Ministry of Education Help Desk Solution Video Production of Draft Education 500 The Making of Bahamas, 500 The Bahamas, 500 Social Studies for Bahamian Secondary Schools Replacement of Brakes for GV#3247 Shipping NP To Berry Island Freight to Exuma Cays Per-Diem for Travel to Exuma Government Printing Dept.
100-Invitations 5x7, 150-Programme Full Color 8 Pages 8 5x11 Hospitality Management Services Ltd. A Public Service Transformation Island 2001 Productions J&P Investments Co. JBR Building Supplies LeAir Charter Services Ltd Mailboat Company Ltd. Mailboat Company Ltd. Mailboat Company Ltd. Mailboat Company Ltd. Mailboat Company Ltd. M/V Captain Gurth Dean M/V Captain Gurth Dean Audio Sound System & Set Up Service 20x20 Cardboard Boxes To Purchase Supplies For Const & Carpentry Technology Programme Freight to Berry Island Freight to Freeport Freight to Grand Bahama Freight to Grand Bahama Freight to Grand Bahama Freight to Grand Bahama Shipping Examination Abaco - New Providence Shipping Examination Abaco - New Providence M/V Legacy Deans Shipping Co.
Shipping Examination Abaco - New Providence Marsha Marche Kimberly Marshall Operation Redemption Operation Redemption Baycroft Security Baycroft Security Baycroft Security Baycroft Security Baycroft Security Baycroft Security New Providence Lunch Vendor New Providence Lunch Vendor Renaming of The Education Building to Ivy Dumont Building Renaming of The Education Building to Ivy Dumont Building Payment Request for Security Services Payment Request for Security Services Payment Request for Security Services Payment Request for Security Services Payment Request for Security Services Payment Request for Security Services Page | 25 $5,000 $3,920 $28,476 $150 $300 $137 $1,400 $168 $10,000 $975 $4,364 $ 6,832 $300 $500 $560 $319 $71 $169 $39 $40 $500 $1,000 $1,000 $1,740 $1,712 $8,817 $8,817 $ 8,817 $8,817 $8,817 $8,817 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 Kristy Rolle School Housing Publishing School Housing Publishing School Housing Publishing School Housing Publishing Smart Kids Bahamas StreamComedia StreamComedia VUE-A-V Virgo Car Rental Western Air Western Air Western Air New Providence Lunch Vendor Social Studies Books Judgement & Personal Response Charts Jr. & Sr. High Social Studies Books Digital Civics E-Booklets Teaching Supplies For High School French/Spanish Renaming of The Education Building to Ivy Dumont Building Renaming of The Education Building to Ivy Dumont Building Renaming of The Education Building to Ivy Dumont Building Car Rental Freight to Bimini Freight to Cat Island Freight to Congo Town Wildflowers Events & Occasions Renaming of The Education Building to Ivy Dumont Building Wildflowers Events & Occasions Renaming of The Education Building to Ivy Dumont Building TOTAL $1,000 $7,875 $1,800 $7,875 $1,750 $39 $7,705 $2,400 $3,315 $1,220 $45 $336 $246 $9,274 $8,349 $ 180,428 Ministry/Department: Department of Archives VENDOR DESCRIPTION OF EXPENDITURE $ AMOUNT # 1 2 3 4 Bahamas Business Solutions Ltd 2- Drum Cartridge for Xerox Copier Harding Security Harding Security Micronet Eclips Pro 25 IR Dome Camera Replacement Labour Charges Camera Trouble Shooting 3-HP 920XL Cyan Printer Inks TOTAL Ministry/Department: Ministry of Education # 1 6 7 VENDOR DESCRIPTION OF EXPENDITURE - RECURRENT Aliv 45 GB Data Only Bahamas Power & Light Company Bill owed for Gregory Town Primary School Cable Bahamas Provision of Services Page | 26 $628 $101 $134 $72 $935 $ AMOUNT $705,600 $22,187 $276,164 8 9 10 20 21 # Carpet World Carpet World Executive Motors Williams Rental Williams Rental 2" Fauxwood Blinds 16x16 Carpet Replacement of Brakes for GV#3247 Rent Rent TOTAL VENDOR DESCRIPTION OF EXPENDITURE - CAPITAL A.L.
Bethel Audly Miller Bahamas Industries & Construction Bahamas Office & School Supplies John Bull Ltd John Bull Ltd 8160 Students Chairs Ground Cleaning 360 Desks/Table School Furniture Furniture for Mable Walker Chairs, Desks, File Cabinets J&P Investments Co Furniture Lewis Fix It All (Mr. Harvey Lewis) Repairs to Gladstone Road Building (Stores) Reign's General Maintenance Shana Deveaux Tech Team International Ltd Wallace & Wallace Ground Cleaning Ground Cleaning Security Access System For Ministry of Education Building Ground Cleaning TOTAL Ministry/Department: Department of Social Services $1,860 $739 $150 $2,500 $7,500 $1,016,700 $ AMOUNT $350,617 $1,832 $107,277 $20,160 $49,879 $261,229 $30,240 $21,900 $1,651 $2,651 $23,761 $1,832 $873,029 # VENDOR DESCRIPTION OF EXPENDITURE $ AMOUNT Imperial Optical Cardiothoraca & Vascular Doctors Hospital Cardiothoraca & Vascular Doctors Hospital Public Hospital Authority Prescription Parlour Eye Exam And Glasses Coronary Angiogram Coronary Angiogram Pacemaker Dual Chamber Implantation Of Pacemaker Chemotherapy Medication Fludrocortisone Open M.R.I of The Bahamas MRI Lumbar Spine Page | 27 $722 $2,240 $1,100 $3,500 $1,500 $5,000 $454 $ Open M.R.I of The Bahamas Public Hospital Authority Aquapure Ltd Klg Bahamas Interventional Premier Clinical Laboratory Public Hospital Authority Imperial Optical Cardiothoraca & Vascular Open M.R.I of The Bahamas Doctors Hospital Public Hospital Authority Imperial Optical Doctors Hospital MRI Cervical Spine Radiation Therapy Demetrius Centre Water Coupon Books 12 Heart Procedure PCR Test Travel To Acklins Radiation Therapy Eye Glasses And Exam Defibrillator Lumbar Spine Ngs Comprehensive Test Echo Testing Eyeglasses Renal Biopsy Advanced M.R.I of The Bahamas MRI Lumbar Spine W/O Contrast Public Hospital Authority MRI Test Imperial Optical Doctors Hospital Open M.R.I of The Bahamas Bahamas Interventional The D’albenas Agency Ltd Lowes
 Pharmacy Doctors Hospital Doctors Hospital Doctors Hospital Doctors Hospital Imperial Optical Public Hospital Authority Public Hospital Authority Bahamas Interventional Eye Examination And Glasses MRI of The Ankles MRI Lumbar Spine Coronary Angiogram Food Supplies 2021 Hurricane Shelter Wheel Chair Coronary Angiogram Coronary Angiogram Angioplasty Total Spine MRI Frame Radiation Therapy Ct Scan Of Chest And Abdomen Coronary Angiogram Total Ministry/Department: PORT DEPARTMENT Page | 28 $720 $3,000 $336 $5,000 $90 $5,000 $398 $3,000 $860 $1,466 $5,000 $565 $2,800 $860 $1,500 $476 $1,680 $860 $5,000 $451 $208 $1,064 $5,000 $4,800 $3,150 $414 $5,000 $950 $5,000 $79,824 # 1 2 3 VENDOR DESCRIPTION OF EXPENDITURE $ AMOUNT DEL SECURITY Overtime for Port Staff Going Places To conduct a Port Facility Security Assessment, to develop the Port Facility Security Plan and to carry out an annual audit verification Staff working at Harbor Control and Security section and the light house keepers on San Salvador and Abaco.
Each of these locations were short staff Department (ISPS section) travel to various Family Islands to conduct site and endorsement Inspections, processing of renewal and new Port I.D cards TOTAL Ministry/Department: MINISTRY OF HEALTH # VENDOR DESCRIPTION OF EXPENDITURE - RECURRENT AVAT (The African Vaccine Acquisition Trust) Balance Payment on Covid Vaccine Bahamas Medical & Surgical Bahamas Office & School Supplies Bahamas Technical Vocational Bahamas Waste Management Bahamia Rental Battery & Tyre Specialist Classic Party Rental & Supplies Commonwealth Building Supplies Custom Computers Ltd Doctors Hospital Doctors Hospital Doctors Hospital Doctors Hospital Doctors Hospital FYP Limited FYP Limited Government Printing Department J & P Investment CO. KLG Investments Medical Supplies Office supplies OSHA Training in Health & Safety Bio Hazardous Bins Removal, Vaccine locations Rental of Tents for Clinics due to COVID 19 Repairs to GV0449 Rental of Tents for Clinics due to COVID 19 060-0167-4137-011-2281178-15 060-0100-0001-011-2241299-15 Accommodation/Meals COVID Patients at Doctors Hospital Accommodation/Meals COVID Patients at Doctors Hospital Accommodation/Meals COVID Patients at Doctors Hospital Accommodation/Meals COVID Patients at Doctors Hospital Accommodation/Meals COVID Patients at Doctors Hospital Key Box - Health Headquarters Building supplies - Maintenance Section Printing Retirement Booklet Envelopes for Ministry New Water Bottles, S.B.H.C Page | 29 $13,328 $39,344 $4,952 $57,624 $ AMOUNT $255,000 $10,338 $162 $375 $2,464 $85,007 $562 $17,522 $151 $541 $133,483 $541,358 $1,669,296 $1,185,959 $572,513 $180 $1,092 $437 $3,203 $287 26 27 28 29 30 31 32 33 34 35 36 37 38 39 # Lucayan Renewal Holdings Nassau Paper Company Party World Pelican Bay at Lucaya Ports International Ports International Ports International Public Hospital Authority Quality Auto Sales Scientific Supplies / Technology Scientific Supplies / Technology SHSS Maintenance Siemens Healthcare Diagnostics Siemens Healthcare Diagnostics Accommodation/Meals COVID Patients at Our Lucaya Rubber stamps, S.B.H.C Rental of Tents for Clinics due to COVID 19 Accommodation/Meals COVID Patients at Pelican Bay Plastic containers with lid for S.B.H.C.
Quick Retail Home Self HIV Tests Water soluble bags, Covid Center Refund for purchase of COVID Supplies Repairs to GV3214 Pharmaceuticals References TRXP Serieslrg Pharmacy Safe Electrical materials Chemistry Analyzer Machine Chemistry Reagents The Hub Medical & Pharmaceutical Supplies Aureill Gloves Medium The Hub Medical & Pharmaceutical Supplies Nirile Gloves Tint Vision Auto Parts Trans-Continental Medical Variety Disposable Products Supply and installation of Plexi Glass - HIV/AIDS Building Alere HIV Sets Wringe Buckets - S.B.H.C TOTAL VENDOR DESCRIPTION OF EXPENDITURE - CAPITAL John Bull The Airconditioning Depot K & G Generators K & G Generators R/C Airconditioning RC Airconditioning & Refrigeration Quality Auto Sales Steelcase Ergonomic Chair 5 Ton Condenser for San Salvador Contract Balance on Generator installation and repairs, FI Contract Balance on Generator installation and repairs, FI Retention on Contract Supply and install AC, F.S.C - balance Purchase of vehicles for the Ministry TOTAL Page | 30 $126,720 $365 $146,424 $ 60,949 $172 $ 2,054 $ 1,792 $1,006,099 $ ,160 $6,306 $3,606 $240 $86,245 $41,577 $28,050 $28,050 $24,707 $24,935 $381 $6,069,764 $ AMOUNT $1,299 $2,899 $68,320 $26,110 $3,018 $15,091 $167,980 $284,717 # Ministry/Department: DEPARTMENT OF PUBLIC HEALTH VENDOR DESCRIPTION OF EXPENDITURE $ AMOUNT Abbott Laboratories Bahamas Feed Supply Calibrators Control, S.B.H.C.
Purchase of sand bags Bahamas Medical & Surgical Hemoglobin & Cardiac Machines for Eleuthera Friendly Motors Ltd FYP Limited General Appliance Company Government Printing Department Janaee's Uniform Centre Nassau Paper Company Paradise Airconditioning Paradise Airconditioning Ports International Ports International Ports International Ports International Salenko Ltd. Salenko Ltd. Sanpin Motors Ultimate Alarms Variety Disposable Products Service of GV3911 066-0100-0001-011-2251302-15 Electrical Component - Fox Hill Clinic Printing Primary Health Care Forms Uniform, Nurse at Adelaide Clinic Squeegees for DPH Clinics Installation of condensate line , E.E.C.
Fuses, A/C System, Marsh Harbour Uniform, Nurse at Spanish Wells Clinic Uniform, Nurse at A.H.C.

Uniform, Nurse at A.H.C.
Medical Folders for clinics Garbage Bags, DPH Garbage Bags, DPH Repairs to GV4760 Removal of Surveillance Camera Sanitizers, Exuma TOTAL $1,283 $627 $3,578 $331 $3,146 $439 $2,342 $93 $723 $252 $739 $122 $396 $661 $8,590 $2,553 $3,133 $194 $73 $207 $29,482 Ministry/Department: Ministry of Disaster Preparedness, Management & Reconstruction/Disaster Reconstruction Authority # VENDOR DESCRIPTION OF EXPENDITURE - RECURRENT $ AMOUNT BTC Limited-20162192 Cable Bahamas-10043581 Cable Bahamas-10036434 Cable Bahamas-10036330 Cable Bahamas-10033885 BeAliv Limited Nassau Office telephone charges Nassau Office cable and internet charges Abaco Office cable and internet charges GB SHRP Office cable and internet charges GB Main Office cable and internet charges Nassau Office mobile telephone and device charges Page | 31 $2,603 $5,968 $3,763 $4,084 $3,553 $1,788 26 27 28 29 # 1 2 3 4 Open Current Co. Ltd N/A Huyler's Unlimited Marketing and promotions services (end of contract) Reimbursement for Air travel to/from Abaco re DMS and projects RV transport to Cooper's Town and Abaco vehicle repairs Disaster Reconstruction Authority (DRA) Software and Inter-Island travel charges Dr. Joanna Paul The National Insurance Board CGI-Atlantic Insurance Limited DRA DRA J & G. Pavers Company Limited J & G. Pavers Company Limited J & G. Pavers Company Limited Sunrise Sanitation & Disposal Sunrise Sanitation & Disposal Sunrise Sanitation & Disposal Sunrise Sanitation & Disposal J & G. Pavers Company Limited J & G. Pavers Company Limited Abaco Waste & Transport Big Cat Equipment Jones and Sons Maintenance Development Office consultant (end of contract) employee and employer contributions from inception of DRA Medical insurance premium Various Administrative and Support services Advance to DRA Operating Account to cover expenses Spring City Debris Site Management Spring City Debris Site Management Spring City Debris Site Management Treasure Cay Debris Site Land encroachment
 settlement Treasure Cay Debris Site Management Treasure Cay Debris Site Management Treasure Cay Debris Site Management Green Turtle Cay waste management Green Turtle Cay waste management Balance on bins to Green Turtle Cay clean up Clearing area around burial site Debris Clean-up Grand Bahama SAG LAND Preparation and Heavy Equipment Debris Clean-up Grand Bahama Campbells Trucking Debris Clean-up Grand Bahama TOTAL VENDOR DESCRIPTION OF EXPENDITURE - CAPITAL DRA DRA DRA Advance from Domes fund to Solar Street Lights Project in East Grand Bahama Advance to installation of MSC modular homes on Sweetings Cay, Grand Bahama Advance to cover Third Wave kitchen cabinet shipment to Sweeting Cay, Grand Bahama Precision Design & Construction Co. Ltd Balance on contract to erect domes in Abaco Page | 32 $10,000 $3,000 $1,555 $4,067 $1,850 $121,265 $2,945 $154,875 $120,000 $151,336 $151,888 $127,025 $7,500 $150,312 $189,253 $190,651 $187,832 $162,788 $42,750 $7,660 $28,680 $33,480 $32,184 $1,897,549 $ AMOUNT $107,352 $216,137 $700 $134,000 5 6 Brickell Management Group Co Ltd Tropical Shipping Company Ltd Evaluated balance on contract to erect Family Relief Centre/Domes Project in Abaco Demurrage charges on un-returned containers housing Family Relief Centre/Dome Project materials (To be negotiated) TOTAL $668,310 $1,000,000 $2,126,499 Ministry/Department: Department of Public ProsecutionMinistry/Department: The Office of the Director of Public # 1 2 3 4 VENDOR DESCRIPTION OF EXPENDITURE $ AMOUNT Going Places Travel Going Places Travel Going Places Travel Protech Security Alarms services Witness Travel Witness Travel Witness Accommodation Maurice Arthur NAS-ELE round trip Atrium control/maglock weldable/plate single TOTAL $251 $229 $553 $4,289 $5,321 Page | 33