Comments on: Premier Updates On 2022/23 Govt’s Finances https://bernews.com/2023/07/premier-updates-on-202223-govts-financial/ Bermuda's #1 source for 24/7 breaking news, photos & videos Fri, 03 Apr 2026 19:21:15 +0000 hourly 1 http://wordpress.org/?v=3.7.5 By: Joe Bloggs https://bernews.com/2023/07/premier-updates-on-202223-govts-financial/#comment-5900321 Fri, 21 Jul 2023 15:36:41 +0000 https://bernews.com/?p=1320381#comment-5900321 “the deficit was smaller than budgeted,” Premier and Minister of Finance David Burt said in the House of Assembly today [July 14]”

I see the PLP Government continues to spend more than it takes in. Even my grandchildren will not be able to pay off our $4 billion current debt much less our much higher unfunded pension liabilities.

]]> By: hey https://bernews.com/2023/07/premier-updates-on-202223-govts-financial/#comment-5899935 Mon, 17 Jul 2023 11:46:26 +0000 https://bernews.com/?p=1320381#comment-5899935 Notice Burt says “projected to be”, that means a guess. Why are interest and guarantee fees separated out. They need to be included as part of the expenditure . If we do that

1.11 bln projected revenue
-0.949 bln projected expenses
-0.143 bln interest expense and guarantee expense
-0.068 bln capital project expenses

= a total budget deficit of $50 million, yet despite losing money for Bermuda, Burt is singing his own praises.

]]> By: Comfortably numb https://bernews.com/2023/07/premier-updates-on-202223-govts-financial/#comment-5899818 Sun, 16 Jul 2023 09:40:44 +0000 https://bernews.com/?p=1320381#comment-5899818 This man is clearly deluded: a debt of 3 billion plus and a budget deficit north of 40 million is sound governance? Hand over governing the country to the COH please!

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