No Increase in Bahamas National Insurance Bond Payments

Financial Secretary Simon Wilson

April 17, 2022 | Colin O. Jarrett |

There will be no increase in National Insurance Bond payments at this time.

Prime Minister of Bahamas Phillip Davis’ comments follows Tuesday’s revelation by Minister of State in the Prime Minister’s Office Myles Laroda that an increase will be coming.

Financial Secretary Simon Wilson says more economic data is needed with respect to any considerations in regards to NIB. pic.twitter.com/fIcmBbCZkv

— Our News Bahamas (@OurNewsRev) April 14, 2022

Mr Davis says the country has tough decisions to make and we are prepared to make those decisions but he rebutted the junior minister’s statement saying it is not something his government is considering at this time.

Colin O. Jarrett is a Caribbean News Editor with Vision Newspaper