Hashtag: #2013Budget

Live Blog Updates: 2013/14 Bermuda Budget

Live Blog Updates: 2013/14 Bermuda Budget

[Updated] Finance Minister Bob Richards is set to deliver the 2013 Budget in the House of Assembly this morning [Feb 22], which will set out the Government’s financials plans for the upcoming fiscal year. This will be the first budget devised by Minister Richards on behalf of the One Bermuda Alliance Government, who took control following their... Read more of this article

“Budget Puts Everyone But Bermudians First”

“Budget Puts Everyone But Bermudians First”

The 2013/14 Budget gave non-Bermudians and employers tax relief, while everyday Bermudians and seniors will see their cost of living go up, Shadow Finance Minister David Burt said today [Feb 22]. Budget highlights include raising the debt ceiling from $1.45 billion to $2.5 billion, reducing the fees for non-Bermudians to purchase property, commencing... Read more of this article

Property Fees For Non-Bermudians Lowered

Property Fees For Non-Bermudians Lowered

[Updated] In this morning’s [Feb 22] Budget statement, Finance Minister Bob Richards revealed that licence fees for non-Bermudians purchasing property will be lowered in a bid to boost jobs, the construction industry, and customs duties. License fees will be reduced from 25% to 8% for those purchasing Bermuda homes, lowered from 18% to 6% for... Read more of this article

Chamber: ‘Encouraged By Honest Approach’

Chamber: ‘Encouraged By Honest Approach’

The Bermuda Chamber of Commerce responded to the 2013/14 Budget delivered this morning [Feb 22] by Finance Minister Bob Richards, saying they are “encouraged by the refreshingly honest approach taken by the Finance Minister to the 2013 Budget.” Peter Everson, Co-Chair of the Chamber’s Economics Committee noted: “The Minister did not... Read more of this article

Deloitte Release 2013/14 ‘Budget Snapshot’

Deloitte Release 2013/14 ‘Budget Snapshot’

Following the delivery of the 2013 Budget by Finance Minister Bob Richards this morning [Feb.22], Deloitte released a ‘Budget Snapshot’, which follows in full below:Public DebtThe statutory debt ceiling will be raised from $1.45 billion to $2.5 billion.Payroll TaxesThere will be a 2 year payroll tax holiday for new Bermudian hiring. Payroll... Read more of this article

Full Document & Highlights: 2013/14 Budget

Full Document & Highlights: 2013/14 Budget

[Updated] This morning [Feb 22] Finance Minister Bob Richards delivered the 2013 Budget in the House of Assembly, the first budget for the One Bermuda Alliance since their victory at the polls in December 2012. You can view our live blog of today’s events here, and some of the highlights and the full budget statement below. Some of the highlights... Read more of this article

Charts Only: 2013-2014 Bermuda Budget

Charts Only: 2013-2014 Bermuda Budget

For those seeking a quick visual view of the 2013 Budget delivered in the House of Assembly by Finance Minister Bob Richards this morning [Feb 22], the charts extracted from the Budget are below. For comparison’s sake, charts from the 2012 Budget are here, charts from the 2011 Budget are here, and charts from the 2010 Budget are here. View all... Read more of this article