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Fund Spending Under Fire | Bahamas News
Over $300 million from the National Investment Fund is under fire as opposition lawmakers accuse the government of “off-the-books” spending to protect a budget surplus ahead of elections. While the finance minister insists all expenditures were legal, critics highlight contradictions: funds went toward roads, buildings, water systems, and airport projects — yet the fund’s oversight board was never properly convened, raising red flags about accountability. The minister vows to finalize regulations and appoint an investment committee by year’s end, but opposition demands a full audit and…
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