Hashtag: #BermudaBudget

2008-2017: Decline In Jobs Filled & Tax Revenue

2008-2017: Decline In Jobs Filled & Tax Revenue

Between 2008 – 2017, there were “3,209 less Bermudians working, 3,513 less foreign workers, and $60 – $70 million tax revenue less per year,” according to a presentation shown during Government’s recently held Pre-Budget meeting. A chart contained in the presentation shows that filled jobs dropped from 40,213 in 2008, to 33,653... Read more of this article

Govt: 2018/19 First Half Fiscal Performance

Govt: 2018/19 First Half Fiscal Performance

The Ministry of Finance today reported on the 2018/19 First Half Fiscal Performance and provided an updated Economic Review for 2018. 2018/19 First Half Fiscal Year Performance: “The headline numbers for the 2017/18 National Budget were: a revenue target of $1.09 billion; current expenditure of $1.2 billion, including debt service; capital expenditure... Read more of this article

Teachers Union Hoping For Boost In Budget

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

Premier: Budget Supports, Addresses Challenges

Premier: Budget Supports, Addresses Challenges

“We have worked hard to ensure this year’s Budget addressed our serious external challenges, while making sure that the people we serve here at home – our fellow Bermudians – are properly supported and cared for,” Premier Michael Dunkley said today. Speaking on the 2017 Budget, the Premier said, “I am particularly proud of our... Read more of this article

Chamber’s “Wishlist” For Upcoming Budget

Chamber’s “Wishlist” For Upcoming Budget

“The only way to continue to reduce the budget deficit is to work at both increasing revenues and reducing expenses simultaneously,” Chamber of Commerce President John Wight said. Speaking in advance of Friday’s upcoming budget, Mr Wight said, “Government has a very challenging job to narrow the 2016 / 2017 year deficit in order to meet... Read more of this article

2.5 Hour Video: People’s Campaign Meeting

2.5 Hour Video: People’s Campaign Meeting

The People’s Campaign hosted their public meeting on Tuesday [March 17] at St. Paul’s Centennial Hall, with the topic being the ‘Economic Impact of the 2015/16 Budget on Bermuda’.The panelists included Kristi Grayson from the Bermuda Chamber of Commerce, Shadow Minister of Finance David Burt, BIU President Chris Furbert, and... Read more of this article

People’s Campaign Public Meeting On Budget

People’s Campaign Public Meeting On Budget

The People’s Campaign will be hosting a public meeting at 5.30pm on Tuesday, March 17th at St. Paul’s Centennial Hall, with the topic to be the ‘Economic Impact of the 2015/16 Budget on Bermuda’ The panelists will be Kristi Grayson from the Bermuda Chamber of Commerce, Shadow Minister of Finance David Burt, BIU President Chris... Read more of this article

2014 Fiscal Performance & Economic Review

2014 Fiscal Performance & Economic Review

The Ministry of Finance today [Nov 17] reported on the 2014/15 First Half Fiscal Performance and provided an updated Economic Review for 2014, saying that gross debt stood at $2.185 billion at the end of September 2014. 2014/15 First Half Fiscal Performance: A spokesperson said, “The headline numbers for the 2014/15 National Budget were: a revenue... Read more of this article

ABIC Responds To  2014 Budget Statement

ABIC Responds To 2014 Budget Statement

After a review of Friday’s Budget Statement, ABIC supports the Government’s commitment to a two track policy of growing the economy while taking actions to control and reduce government spending. ABIC Chairman George Hutchings stated, “ABIC supports the actions already taken and those promised to further develop a business friendly environment,... Read more of this article

Premier: “This Is The People’s Business”

Premier: “This Is The People’s Business”

The most important accomplishment with the Budget presented on Friday by Finance Minister E.T. [Bob] Richards is that it sets the Island on the road to recovery”, said Premier Craig Cannonier. “It gives Bermuda the chance to make amends for the years when indiscipline ruled the public purse, endangering our future. “Our goal was to... Read more of this article

Richards Expecting ‘Election Budget’

Richards Expecting ‘Election Budget’

In advance of tomorrow’s budget, Shadow Finance Minister Bob Richards questioned whether the budget “will address key factors, or will it be an election budget.” “My guess is that it is going to be an election budget,” said Mr Richards. “Because if there is anything we have learned about this PLP Government, is that... Read more of this article

Chamber To Host Budget Breakfast

Chamber To Host Budget Breakfast

In keeping with long-standing tradition, The Bermuda Chamber of Commerce will host its annual Budget Breakfast on Monday, February 27th. However, the format will be different as Chamber EVP Joanne MacPhee explains, “This year in response to a request from Cabinet, the Premier as Finance Minister, will join a small panel, which will collectively discuss... Read more of this article

Senator Burt Responds To Bob Richards

Senator Burt Responds To Bob Richards

Junior Minister of Finance Senator David Burt responded to Shadow Finance Minister Bob Richards’ statement yesterday saying, ”The government will not be drawn into a debate about the budget before February 24th, however it is important that we stick to the facts. “The qualification in this and the prior fiscal year was based on the... Read more of this article