Hashtag: #2012Budget
Premier: ‘Debt Represents Investment’
The debt that “the OBA screeches about represents investment in Bermuda’s future,” Premier and Minister of Finance Paula Cox said today [Mar.2] following the Opposition’s Budget 2012 Reply. Shadow Finance Minister Bob Richards noted the 2012/13 Budget “adds a staggering $200 million to our debt” and provided a chart showing... Read more of this article
UBP Deliver Reply To The Budget
Bermuda has lost its bearings and we are now way off course in “treacherous waters in the Red Sea of Debt,” United Bermuda Party MP Charlie Swan said today [Mar.2] during the UBP’s Reply to the Budget. Saying the UBP acknowledges the “budget struck the correct tone,” Mr Swan said “the content of this budget is, however,... Read more of this article
OBA Delivers Reply To The Budget
[Updated] We are facing the greatest economic disaster in Bermuda’s history, Shadow Finance Minister Bob Richards said this morning [Mar.2] as he delivered the One Bermuda Alliance’s reply to the 2012/13 Budget in the House of Assembly. “We have major concerns about the Government’s Budget for the coming fiscal year. If you had asked... Read more of this article
$33.1M For Estates & Information Services
The Ministry of Government Estates and Information Services 2012/13 Budget allocation is $33.193 million, Minister of Government Estates and Information Services Michael Scott said this morning [Mar.1]. “The seabed and wealth under the seabed of Bermuda in the form of precious metal or mineral deposits, one can easily recognize the expanded compliment... Read more of this article
Furbert: “We Are On A Mission”
His Ministry is on a “mission” to increase GDP and jobs through increased tourism arrivals and international business, Tourism & Business Development Minister Wayne Furbert said yesterday [Feb.28]. Minister Furbert hosted a press conference to expand on his Ministry’s planned initiatives, with $38.5 million having been allocated... Read more of this article
Desilva & Blakeney: Ministry Budgets
[Updated with videos] Minister of Health Zane Desilva and Minister of Youth, Families & Sports Glenn Blakeney held a joint press conference this morning [Feb.28], to discuss their Ministry’s respective budgets for the upcoming fiscal year. The proposed 2012/13 budget for the Ministry of Health is $190.98 million, a 10.9% increase from last... Read more of this article
Premier/Ministers To Host Town Hall
Premier Paula Cox along with various Government Ministers will host a town hall meeting tomorrow [Feb.28] to discuss the 2012/13 National Budget.The meeting takes place at the Berkeley Institute Auditorium at 7.30 p.m. The Premier will be joined by the following Cabinet Ministers at Tuesday’s meeting: Deputy Premier and Minister of Transport Derrick... Read more of this article
Video: Attorney General On Initiatives
Attorney General and Justice Minister Kim Wilson spoke at Friday’s [Feb.24] post-budget press conference., saying one of her Ministry’s initiatives includes introduction of a co-pay system for inmates receiving medical attention. Minister Wilson also said the Substance Abuse Co-Ed facility in Dockyard will be completed in September 2012,... Read more of this article
$39.8 Million For Financial Assistance
The budget for financial assistance this coming year is $39.8 million, Minister Glenn Blakeney said at the press conference following the Budget on Friday [Feb.24]. Minister Blakeney said, “The government recognizes that there is a continuing need to provide assistance to members of our community who find themselves in a financial deficit in... Read more of this article
Video: $29 Million Budget For Tourism
$20 million will be spent on marketing and promoting tourism, Business & Tourism Minister Wayne Furbert said at yesterday’s [Feb.24] post-budget press conference. “The Ministry has $38 million to spend,” said Minister Furbert. “$29 million to spend on tourism, $5 million to spend on business development, $3 million on the Registrar... Read more of this article
Air Control Could Gross $25/28 Million
If we bring our airport up to standard the Government could gross between $25 million and $28 million a year in revenue, Transport Minister Derrick Burgess said at yesterday’s [Feb.24] post-budget press conference. The Ministry of Transport has been given a budget of $79.5 million for the coming year, an increase of over $3.2 million from last year.... Read more of this article
Video: Health Ministry Budget Up 10.9%
The proposed 2012/13 budget for the Ministry of Health is $190.98 million, a 10.9% increase on the base budget from last year, Health Minister Zane Desilva said at yesterday’s [Feb.24] post-budget press conference. All of this increase has been applied to the budget for the Hospital Subsidy, said Minister, with the vast majority of the Ministry’s... Read more of this article
Thomson: “Sad Day For Consumer”
Mailboxes Unlimited president Steve Thomson said it is a “sad day for the consumer in Bermuda,” following the news in the 2012/13 Budget that duty at all ports of entry will be 25%. Noting it represents close to a 400% increase on duty on clothing, Mr Thomson questioned whether local clothing retailers were “negotiating the increase... Read more of this article
ABIC’s Reaction To 2012/13 Budget
The Association of Bermuda International Companies [ABIC] said on Friday [Feb.24] its members support Government’s Budget commitment to targeting a reduction in deficit and debt levels over the medium to long term. ABIC said it is pleased to see that payroll taxes and their corresponding thresholds will be maintained at last year’s levels with... Read more of this article
‘Borrowing Is Short-Term Stop-Gap’
Former Premier and businessman Sir John Swan and political commentator Larry Burchall released a reply to the 2012/13 Budget released yesterday [Feb.24] by Premier and Finance Minister Paula Cox. “Government is planning to spend $1,081,700,000 while projecting revenue of $909,634,000. That leaves a shortfall of $172,100,000,” said the statement. “Borrowing... Read more of this article
Video: Education Minister On Budget
Minister of Education Dame Jennifer Smith said her Ministry’s allocation for the forthcoming fiscal year is $133,989,000, an increase of 5% over last year’s Budget. “I believe that all Members of the House, as well as the general public, understand that money spent on education is an investment in this country’s social well-being,”... Read more of this article
