S&P Signals Bahamas to Miss Budget Surplus Target, Deficit at 1.5% of GDP

S&P has quietly indicated that the Bahamas will miss its revised $32.7m budget surplus target for FY2025-2026, projecting a deficit of 1.5% of GDP. This signals a fiscal deterioration relative to government projections, potentially affecting the country's credit rating and borrowing costs. The exact basis for S&P's assessment is not detailed, and the government has not yet responded.