Hashtag: #2013Budget

$21 Million Budget For Home Affairs Ministry

$21 Million Budget For Home Affairs Ministry

Today the Minister of Home Affairs Michael Fahy provided an overview of his Ministry’s $21 million budget, noting that the Ministry’s primary focus was on ensuring training and employment for underemployed and unemployed Bermudians. “As the economy grows we need to ensure that Bermudians are well prepared and positioned to take on the new... Read more of this article

$93.7 Million Budget For Tourism & Transport

$93.7 Million Budget For Tourism & Transport

The Ministry of Tourism Development and Transport’s budget for the fiscal year 2013/14 has decreased by 3% from $96.3 million to $93.7 million, Minister Shawn Crockwell said. The Ministry’s anticipated Government revenue is projected to increase by 3% from $51.7 million to $53.4 million, the Minister said – with the increase driven by revenue... Read more of this article

PLP Deliver Reply To The 2013/14 Budget

PLP Deliver Reply To The 2013/14 Budget

[Updated with video] Shadow Minister of Finance David Burt is delivering the Opposition’s Reply to the 2013/14 Budget in the House of Assembly this morning [Mar 1]. This was the first budget devised by Finance Minister Bob Richards on behalf of the One Bermuda Alliance Government, who took control following their 19-17 victory at the polls in... Read more of this article

$27.37 Million For Ministry of Legal Affairs

$27.37 Million For Ministry of Legal Affairs

The Ministry of Legal Affairs budget allocation for fiscal year 2013/14 is $27.37 million, a $837,000 increase from last year, Attorney General Mark Pettingill said today [Feb 28].This budget allocation primarily reflects expenditure for salaries and operating expenses within the Ministry. The 2013/14 budget is allocated as follows: Ministry of Legal... Read more of this article

Environment & Planning Allocated $27.44 Million

Environment & Planning Allocated $27.44 Million

The Ministry of Environment and Planning — which compromises eight Departments with 321 employees — has been allocated $27.44 million for the upcoming fiscal year,  Minister of Environment and Planning Sylvan Richards said. The Department of Parks will get $10.53 million, Conservation Services $4.85 million, Environmental Protection... Read more of this article

$195.24 Million For Health & Seniors Ministry

$195.24 Million For Health & Seniors Ministry

[Updated with video] The proposed 2013/14 Budget for the Ministry of Health & Seniors is $195.244 million, an increase of $4.266 million [or 2.23%] on the base budget from the previous year, Minister of Health and Seniors Patricia Gordon-Pamplin said today. Over 72% is the funds allocated to the Bermuda Hospitals Board. “The Ministry will... Read more of this article

BPSU Response To The 2013/14 Budget

BPSU Response To The 2013/14 Budget

The Bermuda Public Services Union responded to the 2013/14 Budget saying that while the Government may want us to believe that this Budget will take us in a new direction, it “takes us further into the hole we are trying to get ourselves out of.” Highlights of the recently released Budget include raising the debt ceiling from $1.45 billion... Read more of this article

Minister Wayne Scott On 2013 Budget Allocation

Minister Wayne Scott On 2013 Budget Allocation

[Updated with video] In the 2013/2014 fiscal year the Ministry of Community and Cultural Development has been allocated $86.4 million in current expenditure and a further $1.15 million in capital expenditure, Minister of Community and Cultural Development R. Wayne Scott said today. This is a 1.3%  increase from last year, which Minister Scott said... Read more of this article

Minister: Police Allocated $71 Million In Budget

Minister: Police Allocated $71 Million In Budget

“Contrary to the necessary trends of austerity in some areas, the Government has increased the allocation for the Bermuda Police Service to $71 million,” Minister of Public Safety Michael Dunkley said at a press conference held to discuss his Ministry’s budget for this fiscal year. The allocated amount for the police in last year’s... Read more of this article

Real Estate Division “Applauds” Licence Change

Real Estate Division “Applauds” Licence Change

The Bermuda Chamber of Commerce’s Real Estate Division is “applauding” the Minister of Finance for his decision to slash the licensing fees for Non-Bermudian and PRCs purchasing local properties. In Friday’s [Feb 22] Budget statement, Finance Minister Bob Richards revealed that licence fees for non-Bermudians purchasing property... Read more of this article

Terry Lister On Budget: ‘Overall A Good Start’

Terry Lister On Budget: ‘Overall A Good Start’

Independent MP Terry Lister said the 2013/14 Budget was “overall a good start” and while he feels the change in licensing fees and payroll tax break will stimulate the real estate and employment sectors, he thinks the change to the seniors car licensing will be problematic and punitive to seniors. Earlier this month Mr Lister resigned from... Read more of this article

Videos: Post 2013/14 Budget Press Conference

Videos: Post 2013/14 Budget Press Conference

Finance Minister Bob Richards and Premier Craig Cannonier held a press conference yesterday [Feb 22] following the delivery of the 2013/14 Budget. They were joined by the Cabinet Ministers as well as OBA MPs.Highlights of the Budget include raising the debt ceiling from $1.45 billion to $2.5 billion, reducing the fees for non-Bermudians to purchase... Read more of this article

PwC 2013/14 Budget Highlight Summary

PwC 2013/14 Budget Highlight Summary

Following the delivery of the 2013/14 Budget this morning [Feb 22] by Minister of Finance Bob Richards, PricewaterhouseCoopers Bermuda released a highlights summary. Tom Miller, PwC Partner, commented on the budget: “It’s a budget that recognises the seriousness of our fiscal situation, while taking actions to make the Island more competitive and... Read more of this article