The Government of the Commonwealth of The Bahamas has enacted the Public Financial Management & Performance Monitoring Reform (PFM/PMR) Project to strengthen the Government’s capacity to allocate, manage and monitor public resources. The Ministry of Finance is responsible for administering the project in conjunction with the Office of the Prime Minister, Department of Statistics, the Treasury Department, Department of Public Services, the Department of Information Technology and the Tenders Board.


The PFM/PMR Project is part of the revolutionary reforms needed to strengthen our institutional and management capacity, improve economic performance, and reduce expenditures to improve the Bahamian fiscal situation. Even though revenue has increased with VAT implementation, expenditure control is a critical priority to ensure that the Bahamian economy is stable and sustainable going forward.

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