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Bahamas: DPM: Cabinet to decide fate of unemployment assistance on Tuesday

NASSAU, BAHAMAS — Government will decide on Tuesday how its unemployment assistance program will be shaped going forward according to Deputy Prime Minister and Minister of Finance K Peter Turnquest.

Speaking with Eyewitness News on the matter Turnquest said government was mindful of the fact that thousands of Bahamians remain jobless and in need of assistance, with most of the major hotel properties still closed over COVID-19 concerns.

“We are mindful of the fact that there are people who still have a significant need as a result of the loss of their income. We are looking at the program and we will make a decision on Tuesday as to how the program will be shaped going forward and do as we have been doing the past six months; the best we can with the resources available to us,” said Turnquest.

He added, “We will see what we can do with respect to the resources that are available and that will determine what, if, how and how many we will be able to assist. We had always indicated that we had a program that would run out in September. We are going to have to re-prioritize some expenditure because we have no intention of going out for any additional borrowing.”

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