National Debt of the Bahamas Climbs over $4 Billion Dollars

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Hubert Ingraham robbed as Doctor of wercking the Bahamian economy.

Nassau, Bahamas — The Nations Debt. of the Bahamas now grown by $1 Billion in three years under the Ingraham Government. As of yesterday the National Debt of the Bahamas according to The Nassau Institute as of yesterday [Sept. 18th] recorded the national debt of the Bahamas pegged at $4,087,168,299.22. [Four Billion, Eighty seven million, one hundred and sixty-eight thousand, two hundred and ninety-nine dollars and twenty-two cents.] What CRIME IS THIS NOW BEING COMMITTED AGAINST THE BAHAMIAN PEOPLE?

BP’s weekend crime update this Sunday

ARMED ROBBERY

Shortly after 12:00 am on Saturday 18th September, 2010 police received information of an armed robbery at Twin Brothers, Boyd Road.  Police responded and information received that a female employee while at Boyd Road was approached by a masked male clad in dark clothing allegedly armed with a handgun demanding cash.  The culprit robbed the employee of a handbag containing the company’s deposit and fled the area.  Police are questioning a 28 year old male of Carmichael Road in connection with this incident, investigations continue.

ARMED ROBBERY

Sometime around 5:30am on Saturday 18th September, 2010 police received information of an armed robbery at Baillou Hill Road and Cockburn Street.  Police responded and information received that a male while in the area of Cockburn Street and Baillou Hill Road was approached by two (2) males one of whom was allegedly armed with a handgun demanding cash.  The culprits robbed the victim of an undetermined amount of cash and fled the area on foot into the Cambridge Lane area.  Police are questioning two (2) males ages 18 and 21 years in connection with this matter.  Police investigations continue.

ARMED ROBBERY

Sometime around 11:00 am on Saturday 18th September, 2010 police received information of an armed robbery at Hampshire Street off West Bay Street.  Police responded and information received that a female on arrival to a residence on Hampshire Street was approached by a dark male clad in a stripe shirt and short pants, allegedly armed with a handgun who demanded the keys to the 2005 Honda vehicle L/P 96331 she was driving.  The culprit robbed the female of the vehicle and fled the area in a westerly direction.  Police are investigating.

STABBING

Sometime around 10:00 am on Saturday 18th September, 2010 police received information of a stabbing at Commonwealth Boulevard, Elizabeth Estates.  Police responded and information received that a male and female relative while at Commonwealth Boulevard got into an altercation with resulted in the male being stabbed to the back and neck.  The victim was taken to hospital via ambulance where he was treated and discharged.   Police are questioning a 26 year old female in connection with this incident.  Police investigations continue.

ARMED ROBBERY

Sometime around 8:15 pm on Saturday 18th September, 2010 police received information of an armed robbery at Madeira Street.  Police responded and information received that male while at Madeira Street was approached by a dark male clad in a gray hat and dark clothing allegedly armed with a handgun demanding cash.  The culprit robbed the victim of his wallet containing an undetermined amount of cash, a cell phone and other personal effects and fled the area on foot in an easterly direction on Madeira Street.  Police are investigating.

STABBING

Sometime around 5:00 am on Sunday 19th September, 2010 police received information of a stabbing at Millie’s Bar, Bay Street.  Police responded and information received that a male employee got into an altercation with a group of males which resulted in the employee being stabbed multiple times to the body.  The victim was taken to hospital via EMS personnel.  At present his condition is unknown.  The culprits fled the area in a grey jeep L/P 187799.  Police are investigating.

National Debt recorded by the Nassau Institute

5 COMMENTS

  1. Celeste: are we going to squabble orver $2 or $3? The fact of the matter is that in three and one half years this reckless Government has taken this country into uncharted trecheous waters from where it will be difficult for us to return. In other words they have wrecked our way of life and in the process left us with a national debt which our great grand children will be obliged to inherit and you are attempting to come to their defence? You all should be ashamed.

    • @Truth:..I’m not coming to their defence at all. Read my post again – all I said was that it is an estimate. The debt is definately getting out of control..It appears that the govt. decided to borrow its way out of the recession….lets just hope the hole wasn’t dug too deep!

  2. Please ensure that you mention that this is an ‘estimate’ from the Nassau Insistute. The official debt figures can be found on the central Bank’s website..on Table 6.1 of the Quarterly Statistical Digest it stands at 3.957307 billion as at end June 2010. The debt for today may be higher or lower than the institutes’ estimate. I don’t have a problem with them estimating the debt..I just need you guys to know that it is indeed an ESTMATE only. central bank link:http://www.centralbankbahamas.com/download/087567200.pdf

    • Sorry for the errors! this is what should have been written: Please ensure that you mention that this is an ‘estimate’ from the Nassau Institute. The official debt figures can be found on the Central Bank’s website..on Table 6.1 of the Quarterly Statistical Digest. It stands at $3.957307 billion as at end June 2010. The debt for today may be higher or lower than the institutes’ estimate. I don’t have a problem with them estimating the debt..I just need you guys to know that it is indeed an ESTIMATE only. Central Bank’s link: http://www.centralbankbahamas.com/download/087567200

    • You should note we are reporting figures as at yesterday, September 18th, 2010. What the Central Bank reported would have been the debt record as at May or nearer to the first quarter. We we are reporting is at the current date.

      Jr. Minister of Finance agreed with a question put by Patty Roker this afternoon, which confirmed the Nassau Institute’s report that the debt had reached ABOVE THE $4 Billion mark.

      Bahamas Press/Editor

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