2018/19 Budget Communication 2018_2019 BUDGET COMMUNICATION | Page 24

The government will also provide support to the
Central Bank's current move toward a digital form of
Bahamian currency, as well as support to the efforts of the
Central Bank and the commercial banking sector to move
toward a cashless society. Our ambition is no less than to
make the Bahamas a regional leader and then a world leader
in the utilization of digital technology for the benefits of its
citizens. In so doing, we shall catapult the Bahamas ahead
of many of its contemporaries and create opportunities and
efficiencies for all Bahamians.
Transformation of the State Owned Enterprises
In addition, the Government is striving to
transform its State Owned Enterprises ( or SOEs) into self-
sufficient entities.
As was laid out in the Budget
Communication last year, funding in the amount of $429
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