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NIF Spending Under Fire | Bahamas News
Finance Minister Michael Halkitis defends the government’s early spending from the National Investment Fund, asserting it was lawful under parliamentary borrowing authority and the Public Finance Management Act while governance structures were being finalized. He insists the board was appointed by June 30 and will soon establish proper oversight, while detailing how hundreds of millions went toward critical infrastructure and airport upgrades across the Family Islands. Opposition critics accuse the government of illegal activity, but Halkitis stands by his legal position and pledges…
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