The Bahamas.

Fiscal anchor

Central government debt to no more than 50% of GDP by FY2030/31 (Public Finance Management Act 2023, First Schedule; the target year is set in the Fiscal Strategy Report). The Fiscal Responsibility Act 2018 was repealed by PFMA s.149(2).

IMF programme status

No active programme; Article IV surveillance

Notes

Table 1 of IMF Country Report 2026/031 reports on fiscal years ending 30 June. The primary balance runs 2.7% of GDP in FY2024, 3.7% estimated for FY2025 and 3.6% projected for FY2026, which is the figure this row carries; that is a third consecutive year of primary surplus, with the overall balance moving from -1.2% to -0.5% and then to -0.4%. Central government debt on the same table is 73.8%, 74.1% and 72.7% across those three years, so the debt ratio only begins falling in FY2026. The headline debt figure in this row, 71.9%, is instead the IMF WEO general government series for 2026 and is not the central government measure above. The FY2025/26 budget targets an overall fiscal surplus, supported by the Domestic Minimum Top-Up Tax on large multinationals. Real GDP growth eases from 2.8% in FY2025 to 2.2% in FY2026 on the staff table. Reaching the 50%-of-GDP anchor by FY2030/31 would require further measures: the staff baseline has debt at 65.8% in 2030.