Chamber To Host Budget Breakfast On Feb 20
The Bermuda Chamber of Commerce will be hosting its annual Budget Breakfast on Monday, February 20th at the Hamilton Princess Hotel.
A spokesperson said, “This engaging event will be sponsored by PwC Bermuda and feature a panel discussion moderated by PwC territory leader Arthur Wightman.
“At the breakfast, held the Monday morning immediately following the Friday 17th Budget Statement, attendees will have the chance to gain insight from community leaders in government, finance, and business as they discuss the implications of the upcoming budget for our island’s economy. The Honourable E. David Burt JP, MP, Premier and Minister of Finance, and Nathan Kowalski, economist and President of the Bermuda Chamber of Commerce, will be featured on the panel of experts.”
In making the announcement, the Chamber’s Chief Executive Officer Kendaree Burgess said: “The Chamber looks forward to hosting this important event. As we move into a post-pandemic world, the pressure and challenges on both the local and global fronts are immense. Making sure that business and government are properly aligned and prepared is essential as we seek to create an economy in which our community can plan and thrive in whatever the future may bring.”
Arthur Wightman, PwC Bermuda territory leader, said: “PwC is pleased to once again sponsor the business community’s annual debate on Bermuda’s fiscal and economic condition. The country continues to struggle to achieve a strong rebound from the pandemic, as it faces the fresh challenge of a slowing global economy. PwC’s 2023 Annual Global CEO Survey finds 73% of CEOs around the world believe global economic growth will decline over the next 12-months – the most pessimistic outlook in over a decade.
“As the world continues to change at a relentless pace, the risks facing businesses, people, and the planet will only continue to rise. Just as businesses must transform, so must our government, by innovating and making bold choices.
“The Pre-Budget Report, in particular the proposed changes to payroll tax, have been met with concern by the international business community especially against a backdrop of governments around the world contending with the challenge of doing more with less. The panel will focus on not just current year financial planning but also the Government’s plans to address continuing deficits, overall debt and access to capital markets, pension and related deficits and government guarantees.
“We look forward to a productive and robust debate on the new budget, and hearing how the Government plans to steer the economy towards prosperity and sustainable economic growth, and help Bermudians cope with cost of living pressures.”
Tickets for the Budget Breakfast are available at www.bermudachamber.bm. For further information please contact the Chamber of Commerce at: info@bcc.bm or call 295-4201.
