Hashtag: #BermudaBudget
Ministry Of Education Allocated $142.6M Budget
The Ministry of Education has been allocated $142.6 million, Premier David Burt announced in the Budget, with capital funding increased by 40% to $6.4 million to support Education Reform projects. The relevant extract of the 2024 Budget statement said, “The Ministry of Education has been allocated $142.6 million – an increase of $2.7 million... Read more of this article
AI Powered Improvements To Govt Services
The 2024 Budget “funds a digital transformation team that will work to roll out artificial intelligence-powered improvements to government services,” Premier David Burt announced in the Budget, adding that “it is important to note that AI is not a method to replace workers, but a tool to enhance the productivity of our dedicated public... Read more of this article
Moving Govt Email Systems To The Cloud
The 2024 Budget funds the moving of the Government’s e-mail systems to the cloud “to ensure that in the event of any future attack the Government’s core e-mail system will still function,” Premier David Burt announced in the Budget yesterday [Feb 16]. The relevant extract of the 2024 Budget statement said, “One of the lessons... Read more of this article
Chamber Response To The 2024/2025 Budget
The Bermuda Chamber of Commerce said they “applaud the Government’s achievement of presenting a balanced budget for the first time in nearly two decades and welcomes the decision not to impose new taxes on neither employers nor employees.” A spokesperson said, “The Chamber endorses a budget aimed at fostering economic growth... Read more of this article
Column: PLP’s Simmons On 2024 Budget
[Opinion column written by: PLP Chairman Dawn Simmons] Today’s Budget Statement by the Progressive Labour Party Government is a demonstration of our real and tangible commitment to investing in our people, giving voice to the voiceless, and providing a safety net for Bermuda’s most vulnerable. Throughout the Progressive Labour Party’s... Read more of this article
Deloitte Release 2024/25 ‘Budget Snapshot’
Following the delivery of the 2024 Budget by Premier David Burt this morning [Feb 16] in the House of Assembly, Deloitte released a ‘Budget Snapshot’, which highlights some of the key points from the Budget Speech in an easy to read format. You can click here to view our live blog, and click here to view all our coverage of the 2024 Budget. The... Read more of this article
Video: OBA Press Conference On Budget
[Updated] Opposition Leader Jarion Richardson is holding a press conference to provide an initial reaction to the 2024 Budget, which was delivered in the House of Assembly today [Feb 16]. You can read a full copy of the 2024 Budget speech here, view all our coverage of the 2024 Budget here, and view our live updates here. Update: Mr Richardson’s... Read more of this article
Charts Only: 2024-2025 Bermuda Budget
To quickly grasp the 2024 Budget delivered by Premier and Minister of Finance David Burt in the House of Assembly today [Feb 16], check out the charts extracted from the Budget below. For comparison’s sake, charts from the 2023 Budget are here, charts from the 2022 Budget are here, charts from the 2021 Budget are here, charts from the 2020 Budget... Read more of this article
Full Document: 2024/2025 Budget Speech
The Government has successfully balanced Bermuda’s budget with a projected surplus of $210,000, the road paving budget has been more than doubled to $5 million, capital funding has been awarded for the purchase of two new ferries, the Government will invest an additional $10 million into the Bermuda Housing Corporation and the Education Ministry will... Read more of this article
Live Updates & Video: Premier Delivers Budget
[Updating] Premier and Minister of Finance David Burt is set to deliver the 2024 Budget in the House of Assembly this morning [Feb 16]. We will be covering the Budget all day, providing live updates as the Premier delivers the speech, as well as posting a copy of the full speech and reactions as they come in. The live video/audio feed Related Stories Opposition... Read more of this article
Government: ‘There Is A Balanced Budget’
In advance of the Budget on Friday [Feb 16], Government advised “that there is a balanced budget” which “was achieved with careful planning and without raising or introducing any new taxes.” A Government spokesperson told Bernews, “As the Country prepares for Budget Day tomorrow [Feb 16], it is expected that Government... Read more of this article
Video: BNV Panel Discussion On Budget
Craig Simmons, Cheryl Packwood, and Cordell Riley will be joining Bernews at 8.00pm this evening [Feb 15] for the latest episode in the Bernews News & Views series, with the trio set to discuss the 2024 Budget, which will be delivered in the House of Assembly tomorrow. The video will be live streamed below, as well as on Bernews YouTube, Twitter,... Read more of this article
Budget To Be Presented On February 16th
Premier and Minister of Finance David Burt will be presenting the Budget Statement on Friday, February 16. A Government spokesperson said, “The Hon. E. David Burt, JP, MP Premier and Minister of Finance, will present the Budget Statement in support of the Estimates of Revenue and Expenditure 2024 – 2025 on Friday, February 16, 2024, at the House... Read more of this article
20th Consecutive Year Of Government Deficit
2022 marked the twentieth consecutive year of a Government deficit, according to the Bermuda Digest of Statistics 2023. The document, which covers statistics from the year 2022, said, “Government expenditure exceeded revenue by $77.4 million in fiscal year 2022/23. This marked the twentieth consecutive year of a Government deficit. Furthermore,... Read more of this article
Video: 2024 Pre-Budget Report Discussion
The Government is hosting a live video discussion today about the 2024-2025 Pre Budget Report with the Premier and Minister of Finance David Burt. We will have additional information later on, and in the meantime the live video is below. The 1 hour live video replay is below: Related Stories Video: Post Budget Press Conference Opposition Leader On... Read more of this article
Premier Invites Feedback On Pre-Budget Report
The public will have an opportunity to ask any last-minute questions or share any final thoughts regarding the Pre-Budget Report, when Premier David Burt hosts a Live Facebook discussion tomorrow evening [Jan. 16]. A Government spokesperson said, “Taking place from 6.00 p.m. – 7.00 p.m., and hosted by MP Jache Adams, the Premier will provide... Read more of this article
