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The Bahamas Borrowing Plan Highlights Fiscal Consolidation Efforts

The Bahamas’s recently published Annual Borrowing Plan (ABP) highlights ongoing consolidation efforts and an improving fiscal outlook, Fitch Ratings says. Gross financing needs of USD1,024 million (5.5% of GDP) will be exclusively used for debt repayment, while the government aims to use the budgeted surplus of USD223.1 million (1.2% of GDP) to increase cash balances. [....]