Hashtag: #2018Budget
Full Document, Video & Highlights: 2018 Budget
Increasing access to capital for Bermudians by reforming the 60/40 rule to one that only requires 40% Bermudian ownership and adjusting payroll tax employee rate to provide tax reductions to those earning less than $96,000 were two of the initiatives unveiled as Premier and Minister of Finance David Burt delivered the 2018 Budget in the House of Assembly... Read more of this article
Charts Only: 2018-2019 Bermuda Budget
For those seeking a quick visual view of the 2018 Budget delivered in the House of Assembly by Premier and Minister of Finance David Burt this morning [Feb 16], the charts extracted from the Budget are below. For comparison’s sake, charts from the 2017 Budget are here, the 2016 Budget are here, the 2015 Budget are here, 2014 Budget are here,... Read more of this article
Greenrock Comments On Upcoming Budget
Greenrock has outlined its hopes for today’s budget, highlighting a number of things that they would like to see included. A spokesperson said, “One thing we are hoping to see is increased support for environmental education in the school system, which we think is very important for supporting STEAM learning. Additionally, we know that through... Read more of this article
Teachers Union Hoping For Boost In Budget
Teachers are buying basic school necessities out of their own pockets, according to the Bermuda Union of Teachers which is hoping for a boost in education spending in this year’s budget. The Teachers Union’s statement comes in advance of the 2018/19 Budget, which will be delivered by Premier and Minister of Finance David Burt this Friday... Read more of this article
Video: Population, 60/40 & Economic Growth
Do we need a higher population and should we lift the 60/40 rule to spur economic growth? Those were two of the topics discussed as Bermuda College Economics Senior Lecturer Craig Simmons, Chamber of Commerce President John Wight, and former Business Bermuda CEO Cheryl Packwood recently sat down with Bernews for a panel discussion for the upcoming 2018/19... Read more of this article
Video: ‘Debt Is Our Biggest Internal Pressure’
Bermuda’s national debt — which currently stands at approximately $2.5 billion — is the biggest internal pressure we face, according to three local experts. Bermuda College Economics Senior Lecturer Craig Simmons, Chamber of Commerce President John Wight, and former Business Bermuda CEO Cheryl Packwood recently sat down with Bernews... Read more of this article
Opposition Leader’s Response To Pre-Budget
“As the Premier brings forward the first budget under the new PLP government it must be noted that the OBA has left the Bermuda economy on solid financial footing,” Opposition Leader Jeanne Atherden said this evening. Ms Atherden’s statement comes in advance of the 2018/19 Budget, which will be delivered by Premier and Minister of... Read more of this article
One Hour Video: Pre-Budget Panel Discussion
[Updated] Bernews will be live streaming a panel discussion with Bermuda College Economics Senior Lecturer Craig Simmons, Chamber of Commerce President John Wight, and former Business Bermuda CEO Cheryl Packwood today [Feb 12], where the trio will discuss the upcoming 2018/19 budget, which is set to be delivered this Friday. This budget will be the... Read more of this article
Premier On 60/40 Rule & Business Structure
“The challenge is the structure of how Bermuda is set up; we allow people to earn money here, but we don’t allow them to reinvest the money which they earn here inside of our economy,” Premier and Minister of Finance David Burt said. In reply to a question at the recent Pre-Budget Public Forum, Premier Burt said, said, “The biggest... Read more of this article
‘Budget Will Be Focused On Economic Growth’
The upcoming 2018/19 Budget will be focused on “economic growth,” Premier and Minister of Finance David Burt said, adding that “we weren’t elected to continue the policies of the past” and “we have to make the investments which are required for growth.” In reply to a question at the recent Pre-Budget Public... Read more of this article
90 Minute Video: Premier’s Pre-Budget Meeting
[Updated] Premier and Minister of Finance David Burt and Junior Minister of Finance Wayne Furbert are holding a ‘Pre-Budget’ public meeting this evening [Jan 30] at St. Paul Centennial Hall, and if you were unable to make it, you can tune into the live video below. Some of the considerations for inclusion in this year’s budget contained in... Read more of this article
Public Invited: Pre-Budget Meeting On Tuesday
Premier and Minister of Finance David Burt and Junior Minister of Finance Wayne Furbert held a meeting with with Public Officers today [Jan 29] to discuss the upcoming Budget, and will be holding a ‘Pre-Budget’ public meeting at 6.00pm tomorrow at St. Paul Centennial Hall. A Government spokesperson said, “The public is invited to attend... Read more of this article
What’s Being Considered For The 2018 Budget?
[Updated] Not moving ahead with the second phase of the payroll tax proposal by the former Government, payroll tax relief for repatriating jobs back to Bermuda; a Professional Services Tax on legal, accounting & other business consultancy services; a sugar tax, and taxing commercial rents are some of the initiatives being considered for the 2018/19... Read more of this article
Premier Burt Releases ‘Pre-Budget Report’
With the 2018/19 Budget set to be delivered on February 16th, Premier and Minister of Finance David Burt has released a 35-page Pre Budget Report and will also host a public meeting on January 30th, saying that Government “want to establish a clear and transparent Budget process.” Speaking at a press conference today, Premier and Minister... Read more of this article
