Hashtag: #2010Budget
Looking Back: Last Year’s Budget
With this year’s budget due to be delivered this coming Friday [Feb 18], take a look back at last year’s budget, which was presented on Friday February 26, by then Deputy Premier and Minister of Finance Paula Cox. The total estimated expenditure for 2010/11 was $1,202.2 million, while the total estimated revenue was $1,058.8 – an estimated... Read more of this article
Bob Richards: Bermuda Dollar Now Devalued
During the debate on the 2010 Budget in the House of Assembly today, Minister of Finance Paula Cox [PLP] introduced an amendment that doubled the rate of Bermuda’s Foreign Currency Purchase Tax from 0.50% to 1.0%. Speaking to the amendment, Shadow Finance Minister Bob Richards [UPB] described this proposed increase as effectively devaluing the... Read more of this article
Swan Unhappy With 30 Second Speaking Time
Opposition Leader Kim Swan called the 30 seconds he was left to speak in the House the “politics of distraction”. During the morning sitting of the House of Assembly yesterday, Premier Dr. Ewart Brown spoke in depth on the 2010/11 Budget, sitting down with only 30 seconds of debate time remaining. Mr. Swan rose to speak but was quickly... Read more of this article
Budget: Strong Words from the PLP’s Dale Butler
PLP Member of Parliament the Hon. Dale Butler is in the House of Assembly speaking about the 2010/11 budget…the budget of his own party. The budget was presented on February 26 by the Hon. Paula Cox, the Minister of Finance and Deputy Premier. As the total estimated expenditure for 2010/11 is $1,202.2 million, while the total estimated revenue... Read more of this article
House of Assembly: Bob Richards Budget Reply
The Shadow Minister for Finance Bob “ET” Richards delivered the official Opposition reply to the budget in the House of Assembly this morning. The 2010/11 budget was revealed last week, and has come under fire from various members of the community. Mr. Richards’s speech lasted for almost two hours and touched on numerous aspects, including... Read more of this article
2010 Budget: PLP and UBP Response
Below is the full text of four responses from members of opposing political parties to the 2010/11 budget. [UBP] Shadow Minister of Finance E.T. [Bob] Richards released the statement below: - Finance Minister Paula Cox’s Budget penalizes Bermuda for her Government’s reckless spending sprees that have piled up deficits and debt year after year. The... Read more of this article
2010 Budget: Full Statement
Below is the full statement of the 2010/11 budget from The Ministry of Finance. It was presented on Friday February 26, by the Hon. Paula Cox, the Minister of Finance and Deputy Premier. For just a quick view of revenue and expenditure, see 2010 Budget Explained Via Charts.. For increased clarity click ‘Full Screen’ on the top right hand... Read more of this article
2010 Budget Explained Via Charts
If you are too pressed for time to sift through the entire thirty nine page budget report, take a birds eye view of the main aspects of spending and revenue with the charts below. The budget was presented on Friday February 26, by the Hon. Paula Cox, the Minister of Finance and Deputy Premier. The total estimated expenditure for 2010/11 is $1,202.2... Read more of this article
