Hashtag: #2015Budget
2.5 Hour Video: People’s Campaign Meeting
The People’s Campaign hosted their public meeting on Tuesday [March 17] at St. Paul’s Centennial Hall, with the topic being the ‘Economic Impact of the 2015/16 Budget on Bermuda’. The panelists included Kristi Grayson from the Bermuda Chamber of Commerce, Shadow Minister of Finance David Burt, BIU President Chris Furbert, and... Read more of this article
People’s Campaign Public Meeting On Budget
The People’s Campaign will be hosting a public meeting at 5.30pm on Tuesday, March 17th at St. Paul’s Centennial Hall, with the topic to be the ‘Economic Impact of the 2015/16 Budget on Bermuda’ The panelists will be Kristi Grayson from the Bermuda Chamber of Commerce, Shadow Minister of Finance David Burt, BIU President Chris... Read more of this article
2 Hour Video: PLP Town Hall On Budget Reply
Shadow Finance Minister David Burt delivered the Opposition’s Reply to the Budget last week in the House of Assembly and on Tuesday night [March 3], he hosted a Town Hall Meeting at T.N. Tatem Middle School in Warwick where the Shadow Minister spoke of the PLP’s vision for Bermuda’s economic future. In his Reply to the Budget, Mr. Burt said,... Read more of this article
Analysis: What Story The Budget Numbers Show
[Opinion column written by Larry Burchall] In the furore over the Budget, no one took a clinical and dispassionate look at the numbers to see exactly what story the numbers tell. I’ve done that. Here’s the full backstory and it is all in the numbers. Financial Management: Financial control There are severe long-running problems within Government’s... Read more of this article
Opinion: Glen Smith On Government’s Budget
[Opinion column written by OBA MP Glen Smith] The Government’s 2015/16 Budget is a working plan to keep Bermuda moving toward recovery that meets people’s needs and gets government finances back on solid ground. It’s a big document that addresses global issues, local economics, the needs of various sectors of our economy and the pressure on government... Read more of this article
PLP To Host Town Hall Meeting On March 3rd
The PLP will be hosting a Town Hall Meeting at T.N. Tatem Middle School in Warwick on Tuesday March 3rd, with Shadow Finance Minister David Burt to focus on the Opposition’s Reply to the Budget. A PLP spokesperson said, “Shadow Finance Minister David Burt invites the public to ‘Vision 2025′, a Progressive Labour Party Town Hall... Read more of this article
Charts Only: Opposition’s 2015 Budget Reply
For those seeking a quick visual view of the Progressive Labour Party’s official response to the 2015 Budget, which was delivered in the House of Assembly by Shadow Finance Minister David Burt today [Feb 27], the charts extracted from the Reply are below. You can view the complete Reply to the Budget here, and view all our coverage of the 2015... Read more of this article
Full Text: PLP’s Reply To 2015-2016 Budget
Shadow Finance Minister David Burt delivered the Progressive Labour Party’s official response to the 2015 Budget in the House of Assembly today [Feb 27], where he urged the Government to get serious about diversification, regulate ‘payday lenders’ who are charging interest rates of 260%, move on the decriminalisation of cannabis, reform... Read more of this article
400-Page ‘Budget Book’ Now Available Online
The full 400-page ‘Budget Book’ containing the Estimates of Revenue and Expenditure for the Year 2015/16, is now available online, with open data website Bermuda.io posting the entire document, which can be accessed here. Finance Minister Bob Richards delivered the 2015/16 Budget on Friday [Feb 20], in which he said that gross public debt... Read more of this article
90 Minute Video: Chamber’s Budget Breakfast
The Bermuda Chamber of Commerce hosted their Annual Budget Breakfast this morning [Feb 23] at Lower Pier Six, with the panelists included Minister of Finance Bob Richards, Nathan Kowalski of Anchor Investment Management, Kim White of Cox Hallett Wilkinson who also served on the SAGE Commission, while Arthur Wightman of PwC Bermuda served as moderator. The... Read more of this article
BPSU President Responds To 2015/16 Budget
“Analysis of the budget does not leave me with a sense of optimism or any sign that Bermuda is on the road to recovery,” Bermuda Public Services Union [BPSU] President Jason Hayward said. Responding to the recently delivered 2015/16 Budget, Mr Hayward said, “I will refrain from being overly critical on the specifics of the Minister... Read more of this article
Budget Extract: Costs For Hosting America’s Cup
By the end of the current 2014/15 fiscal year, Government will have spent $4.66 million on America’s Cup related expenses, and in the upcoming 2015/16 fiscal year, the Government will budget $11.7 million, Finance Minister Bob Richards said during Friday’s [Feb 20] Budget speech. Speaking on this year’s expenses, the Minister said, “By... Read more of this article
Mergers “Likely To Give Rise To Redundancies”
The “merger mania” we have witnessed in Bermuda’s re/insurance business in the past year is “likely to give rise to redundancies,” Finance Minister Bob Richards said as he delivered the 2015/16 Budget in the House of Assembly on Friday [Feb 20]. In recent months, XL Group confirmed it will acquire Catlin Group, RenaissanceRe... Read more of this article
‘Cannot Guarantee Reductions Without Layoffs’
“We cannot guarantee that the planned reduction in spending can be achieved without layoffs of workers in the public sector for the coming fiscal year,” Finance Minister Bob Richards said during the 2015 Budget speech in the House of Assembly today [Feb 20]. Minister Richards said, “Personnel costs are crippling the Bermuda Government’s... Read more of this article
Finance Minister: $930 Million To Be “Injected”
The projects approved by the Government in “which there is high confidence of shovels in the ground” combine to make a total of $930 million to be “injected over the next one to three years,” Finance Minister Bob Richards said during today’s [Feb 20] Budget statement. The Minister listed those projects as St. Regis-St.... Read more of this article
PwC Bermuda Release 2015 Budget Infographic
PwC Bermuda has released a Budget Highlight sheet, breaking down the major points of the 2015/2016 budget and providing a general summary, along with a focus on revenue, debt, growth, and expenditure. Tom Miller, Managing Director of PwC, said, “The Minister made his case for the threat to our financial independence, as deficits swell our national... Read more of this article
