Live Updates & Video: Minister Delivers Budget
[Updating] Minister of Finance Curtis Dickinson is set to deliver the 2020 Budget in the House of Assembly this morning [Feb 21], which will set out the Government’s financial plans for the upcoming fiscal year.
We will be covering the Budget all day, providing live updates as the Minister delivers the speech, audio coverage, as well as posting a copy of the full speech and reactions as they come in; with the main updates expected to start at sometime around 10.30am.
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More taxes, increased cost of living…what else can he do given the fact Bermuda is broke.
Dude looks like a 16 year old trying to tell dad how he crashed the car…..
If you look at simple statistics since 2003, the PLP government has held control of this country longer than the OBA. During this time, the debt has ballooned. It’s easy for the current administration to blame the OBA, but that doesn’t account for the other 12 years where something could have been done to minimize the debt.
Now we have a budget where tax is being increased at an alarming rate and the only reason we can think of is to blame the opposition for their 5 years of choices. This is not an effective strategy to prosperity.
Trained seals banging in the back ground is particularly obscene.
‘Minister: Government pledged to focus on reducing the cost of living for Bermudians. Over the last 15 months, we have made some progress, but there is more that needs to be done.’
He is joking about progress right? All you lot have done is made this island more expensive!
Like Dilbert, Curtis is full of *%*t.
I’m all for “new Jobs” and new people being employed in them BUT, these new jobs are only replacing old jobs and recently unemployed people.
The net result is a wash. It is merely a shuffling of the same 52 cards in the same deck.
Example: Convex, a new company to the island – they employ maybe 20 people. Those 20 people were recently unemployed from other companies either leaving or quietly moving departments off-island.
No increase in number of jobs and no new people coming to the island to fill them.
Well done Minister Dickinson!
Well done for what exactly?
For not addressing the dwindling population and attracting more IB.
Yeah put immigration fees up Curtis, good one!
For being PLP. For the above commentator that is all it takes.
Government pledged to focus on reducing the cost of living for Bermudians. Over the last 15 months, we have made some progress, but there is more that needs to be done.
Cost of living is more expensive not cheaper. People are leaving Bermuda because it is too expensive to live here.
now they’re giving $250k to the Union? to set up another failed ‘bank’? supermarket? god help us
Bermudians leaving because the the island is becoming way too expensive. CRAZY INCREASES IN LAND TAX AND TAXING THE ONES THAT ARE LEFT TO DEATH AIN’T GONNA DO IT. CUT THE BS!!
Shame the Minister’s presentation was marred by Zane and Jamahl behaving like 3 year olds behind him.
Regarding the revised 60/40 rue, why would an investor put up money but not have control over it? The change makes no sense.
Overall it seems the Minister is running a budget deficit of around $90 million (when the non payment to the sinking fund is added). So much for a balanced budget, so more debt to be added. Why hasn’t the Min of Ed seen a big reduction considering the reduction in children and schools?
Far as I’m concerned, the reversal of the 60/40 rule is just as bad as the AECON deal. It’s almost the exact same deal. But no one will care. It’s business as usual.
Thank you Finance minster well done!!!
The Government grants and the ‘tourism fees’ BTA collects amounts to approximately $32M, hopefully restructuring will insure the BTA is transparent and accountable for achieving a positive ROI.
So no lies about balancing the budget this time.
Just another cog in the wheel
#UNFORTUNATE