Hashtag: #2018Budget

PwC Release 2018 Budget Highlight Summary

PwC Release 2018 Budget Highlight Summary

Following the delivery of the 2018/19 Budget  this morning [Feb 16] by Premier and Minister of Finance David Burt, PwC Bermuda released a highlight summary sheet. “This budget has a clear focus on growth and job creation, with new incentives for entrepreneurs and job repatriation, and decreased payroll tax for the lower paid and those with... Read more of this article

Deloitte Release 2018/19 ‘Budget Snapshot’

Deloitte Release 2018/19 ‘Budget Snapshot’

Following the delivery of the 2018 Budget by Premier and Minister of Finance David Burt this morning [Feb 16] in the House of Assembly, Deloitte released a ‘Budget Snapshot’, which highlights some of the key points from the Budget Speech, and follows in full below. You can click here to view our live blog, and click here to view all our coverage... Read more of this article

Live Updates & Video: Premier Delivers Budget

Live Updates & Video: Premier Delivers Budget

[Updating] Premier and Minister of Finance David Burt is set to deliver the 2018 Budget in the House of Assembly this morning [Feb 16], which will set out the Government’s financial plans for the upcoming fiscal year. Live video of the Budget courtesy of Govt television channel CITV:This budget will be the first Budget delivered by the PLP Government... Read more of this article

Full Document, Video & Highlights: 2018 Budget

Full Document, Video & Highlights: 2018 Budget

Increasing access to capital for Bermudians by reforming the 60/40 rule to one that only requires 40% Bermudian ownership and adjusting payroll tax employee rate to provide tax reductions to those earning less than $96,000 were two of the initiatives unveiled as Premier and Minister of Finance David Burt delivered the 2018 Budget in the House of Assembly... Read more of this article

Charts Only: 2018-2019 Bermuda Budget

Charts Only: 2018-2019 Bermuda Budget

For those seeking a quick visual view of the 2018 Budget delivered in the House of Assembly by Premier and Minister of Finance David Burt this morning [Feb 16], the charts extracted from the Budget are below. For comparison’s sake, charts from the 2017 Budget are here, the 2016 Budget are here, the 2015 Budget are here, 2014 Budget are here,... Read more of this article

Greenrock Comments On Upcoming Budget

Greenrock Comments On Upcoming Budget

Greenrock has outlined its hopes for today’s budget, highlighting a number of things that they would like to see included. A spokesperson said, “One thing we are hoping to see is increased support for environmental education in the school system, which we think is very important for supporting STEAM learning. Additionally, we know that through... Read more of this article

Teachers Union Hoping For Boost In Budget

Teachers Union Hoping For Boost In Budget

Teachers are buying basic school necessities out of their own pockets, according to the Bermuda Union of Teachers which is hoping for a boost in education spending in this year’s budget. The Teachers Union’s statement comes in advance of the 2018/19 Budget, which will be delivered by Premier and Minister of Finance David Burt this Friday... Read more of this article

Video: Population, 60/40 & Economic Growth

Video: Population, 60/40 & Economic Growth

Do we need a higher population and should we lift the 60/40 rule to spur economic growth? Those were two of the topics discussed as Bermuda College Economics Senior Lecturer Craig Simmons, Chamber of Commerce President John Wight, and former Business Bermuda CEO Cheryl Packwood recently sat down with Bernews for a panel discussion for the upcoming 2018/19... Read more of this article

Video: ‘Debt Is Our Biggest Internal Pressure’

Video: ‘Debt Is Our Biggest Internal Pressure’

Bermuda’s national debt — which currently stands at approximately $2.5 billion — is the biggest internal pressure we face, according to three local experts. Bermuda College Economics Senior Lecturer Craig Simmons, Chamber of Commerce President John Wight, and former Business Bermuda CEO Cheryl Packwood recently sat down with Bernews... Read more of this article

Opposition Leader’s Response To Pre-Budget

Opposition Leader’s Response To Pre-Budget

“As the Premier brings forward the first budget under the new PLP government it must be noted that the OBA has left the Bermuda economy on solid financial footing,” Opposition Leader Jeanne Atherden said this evening. Ms Atherden’s statement comes in advance of the 2018/19 Budget, which will be delivered by Premier and Minister of... Read more of this article

One Hour Video: Pre-Budget Panel Discussion

One Hour Video: Pre-Budget Panel Discussion

[Updated] Bernews will be live streaming a panel discussion with Bermuda College Economics Senior Lecturer Craig Simmons, Chamber of Commerce President John Wight, and former Business Bermuda CEO Cheryl Packwood today [Feb 12], where the trio will discuss the upcoming 2018/19 budget, which is set to be delivered this Friday.This budget will be the... Read more of this article

Premier On 60/40 Rule & Business Structure

Premier On 60/40 Rule & Business Structure

“The challenge is the structure of how Bermuda is set up; we allow people to earn money here, but we don’t allow them to reinvest the money which they earn here inside of our economy,” Premier and Minister of Finance David Burt said. In reply to a question at the recent Pre-Budget Public Forum, Premier Burt said, said, “The biggest... Read more of this article

‘Budget Will Be Focused On Economic Growth’

‘Budget Will Be Focused On Economic Growth’

The upcoming 2018/19 Budget will be focused on “economic growth,” Premier and Minister of Finance David Burt said, adding that “we weren’t elected to continue the policies of the past” and “we have to make the investments which are required for growth.” In reply to a question at the recent Pre-Budget Public... Read more of this article