2018/19 Budget Communication 2018_2019 BUDGET COMMUNICATION | Page 29

government bookkeeping and reporting that will provide increased visibility into outstanding cash requirements and facilitate cash planning. Here again, we are committed to bringing the Bahamian government up to modern and international standards. Revenue Enhancement The Ministry of Finance has also been mandated to renew its emphasis on enhanced revenue collection. To that end, the Revenue Enhancement Unit, another example of an initiative simply floundering under the previous administration, is being recast to ensure that revenue is properly and fully collected across the major tax segments . To facilitate these efforts, an amendment is being proposed to the Financial Administration and Audit Act to provide the authority to the Ministry of Finance to form an inter- 26