Hashtag: #2011Budget
Budget: Stimulating Tourism Job Creation
While emphasising there is “no silver bullet to deliver faster growth, employment and poverty reduction”, Premier and Finance Minister Paula Cox said in her Budget Statement today [Feb. 18] Government hopes to stimulate the economy and encourage job growth by revitalising the island’s tourism product. Premier Cox told Parliament the... Read more of this article
Video: BDA’s Fahy Responds to Budget
[Updated] Bermuda Democratic Alliance financial affairs spokesperson Michael Fahy spoke with us today [Feb 18] after the Premier and Minister of Finance Paula Cox delivered the 2011/12 budget. He praised the Premier for the payroll tax rollbacks, saying “The BDA is very pleased to hear about the reducation in payroll tax,” saying “they... Read more of this article
2011 Budget: Payroll Tax to be Rolled Back
During her presentation of the 2011/12 Budget this morning [Feb 18] in the House of Assembly, Premier and Minister of Finance Paula Cox said that payroll tax would be rolled back, which would return approximately $50 million of spending power to taxpayers in 2011–2012. The Premier said: “This was not an easy decision given the Government’s... Read more of this article
Tony Brannon: Budget Day Theme Song
Veteran musician and tourism activist Tony Brannon has provided Bermuda with a theme song for Budget Day, which you can listen to here. Mr. Brannon, recently appointed to Government’s Tourism Board along with fellow entertainer Shine Hayward, has been a longtime critic of public spending under successive United Bermuda Party and Progressive... Read more of this article
Charts: 2011/12 Bermuda Budget Explained
This morning [Feb 18] Premier and Minister of Finance Paula Cox delivered the 2011/12 Budget in the House of Assembly. The charts show an estimated revenue of $940 million, and the estimated expenditure is $1,079.5 million – a shortfall over over $130 million. You can read the full 2011/12 Budget here, or view charts extracted from the budget... Read more of this article
Full Statement: 2011/12 Budget
The full 36-page statement detailing the 2011/12 Budget which was delivered this morning [Feb 18] by Premier and Minister of Finance Paula Cox in the House of Assembly is below. The Premier started off by saying: “There are times when Government leaders take pleasure in seeing their predictions come true. This is not one of them. A year ago, I... Read more of this article
Premier on Budget: “Unprecedented Challenges”
Premier Cox has released a statement about the 2011/12 Budget – which is due to be delivered today [Feb 18] in the House of Assembly. The Premier said: “The mainsprings that underpin Bermuda’s economy(International Business and Tourism) have been weakened. We are facing sluggish growth in revenue and upward pressures on expenditure.So... Read more of this article
UBP’s Kim Swan: Pre Budget Statement
[Pre budget statement by Opposition Leader Kim.Swan] Virtually everyone in the country is aware that Bermuda is in the grip of its most serious economic challenge in many generations, and that the Government’s spendthrift ways – enabled since 2004 by the Premier/Finance Minister – have made the situation much worse. The Budget tomorrow must lay... Read more of this article
BDA Alliance: Pre-Budget Statement
[Pre-budget statement from the Bermuda Democratic Alliance, by Michael Fahy, financial affairs spokesperson] We are of the view that this is the toughest budget ever for the Minister of Finance. However this is of her own doing and she must accept responsibility for the state of the country’s finances. Paula Cox has, after all, had control of... Read more of this article
