Bowe: Questions over NIF accounting cast shadow on Government’s $39.3M surplus
NASSAU, BAHAMAS — Fidelity Bank (Bahamas) President Gowon Bowe has cautioned against celebrating the government’s reported $39.3 million fiscal surplus before questions surrounding the accounting treatment of National Investment Fund (NIF) expenditure are resolved, warning that inconsistencies in financial reporting could undermine confidence in the country’s fiscal position. Bowe, in an…
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