THE KINGDOM GOVERNMENT MOVEMENT FIRST 30 DAYS IN OFFICE IS ECONOMIC RELIEF
BY PRIME MINISTER PROCLAMATION
Monetary policy is the most common tool for influencing economic activity. To boost the economy, THE KGM GOVERNMENT will instruct the Central Bank of The Bahamas to cut interest rates immediately. Lower interest rates will reduce the cost of borrowing, encouraging investment and consumer spending.
1- REDUCE VAT FROM 12%, BACK TO 7.5%
2- ELIMINATE VAT FROM ALL GROCERY ITEMS AND ESSENTIAL SERVICES, INCLUDING ELECTRICITY, HEALTHCARE, WATER, ETC.
3- ELIMINATE THE EXCHANGE CONTROL TO ALLOW BAHAMIANS ACCESS TO FOREIGN CAPITAL AND INTERNATIONAL INVESTMENTS
4- IMPLEMENTATION OF A FLAT RATE INCOME TAX SYSTEM
5- CALL FOR A REFERENDUM TO REPLACE THE WESTMINSTER SYSTEM WITH A PARLIAMENTARY REPUBLIC SYSTEM.
6- REFERENDUM TO REPLACE THE MONARCHY, PRIVY COUNCIL AND GOVERNOR GENERAL AS
HEAD OF STATE.
7- THE INTRODUCTION OF A NEW BAHAMIAN LAND OWNERSHIP POLICY
8- THE INTRODUCTION OF AN ADVANCED AGRICULTURE SYSTEM
9- THE IMPLEMENTATION OF THE NEW AFFORDABLE HOUSING SYSTEMS
10- THE ELIMINATION OF THE HOTEL ENCOURAGEMENT ACT
11- THE ELIMINATION OF THE IMF AND WORLD BANK FUND ACT
12- THE IMPLEMENTATION OF NEW MANUFACTURING AND INDUSTRIES
13- THE IMPLEMENTATION OF RENEWABLE ENERGY PLATFORMS