Hashtag: #2019Budget

Live Audio & Updates: Minister Delivers Budget

Live Audio & Updates: Minister Delivers Budget

[Updating] Will there be new taxes? Are any fees being increased? Will there be any tax cuts or benefits? How will the spending be allocated to various Ministries? Those are some of the questions that will be answered today [Feb 22] as Finance Minister Curtis Dickinson delivers the 2019/20 Budget in the House of Assembly.We will be covering the Budget... Read more of this article

Column: Desperation, Distraction & Deflection

Column: Desperation, Distraction & Deflection

[Opinion column written by OBA Shadow Finance Minister Nick Kempe] On the eve of the tabling of the Budget, I will offer my own Pre-Budget Report Card. I think the most obvious letter to grade the Government’s performance with the economy is a D. D for Desperation. D for Distraction. D for Deflection. The Premier’s recent rant in the House of Assembly... Read more of this article

Column: ‘Spending Habits & Increasing Taxes’

Column: ‘Spending Habits & Increasing Taxes’

[Opinion column written by OBA Senator Marcus Jones] This Government saw the need to hold a Pre-budget Report Town Hall meeting and to the discerning eye it revealed that the outlook for stimulating the economy was bleak so let’s maintain our spending habits and cover it by increasing taxes. So which demographic group in our country was targeted as... Read more of this article

Video: Bernews Pre-Budget Panel Discussion

Video: Bernews Pre-Budget Panel Discussion

[Updated with video] Bernews will be hosting a ‘Pre-Budget Panel Discussion at around noon today [Feb 19] with economist Craig Simmons, Age Concern Director Dr Claudette Fleming, and President of the Chamber of Commerce John Wight set to discuss the upcoming 2019/20 budget, which is due to be delivered this Friday.The trio will be discussing... Read more of this article

Chamber’s Annual Budget Breakfast Is Sold Out

Chamber’s Annual Budget Breakfast Is Sold Out

The Bermuda Chamber of Commerce is set to host its Annual Budget Breakfast on Monday, 25 February 2019 at the Hamilton Princess and Beach Club, and the Chamber announced today that this year’s Budget Breakfast is officially sold out. Chamber’s Chief Executive Officer Kendaree Burgess noted: “We are so pleased with the support and interest this... Read more of this article

Minister: No Residential Rental Tax In Budget

Minister: No Residential Rental Tax In Budget

[Updated] Finance Minister Curtis Dickinson has reportedly announced that the proposed residential rental tax that was in the pre-budget report will not be included in the 2019/20 budget. This follows after Government’s statement released earlier today which said that a number of people have contacted Consumer Affairs about the proposed tax,... Read more of this article

Govt: No Decision Made On Proposed Rental Tax

Govt: No Decision Made On Proposed Rental Tax

[Updated] Due to a number of people contacting Consumer Affairs saying that their landlord informed them “their rent will be increased due to the new tax,” the Government noted that while the proposal was contained in the Pre-Budget Report “no decision has been made by the Government to implement it at this time.” The Government’s... Read more of this article

Chamber To Host Budget Breakfast On Feb 25

Chamber To Host Budget Breakfast On Feb 25

In keeping with a long standing tradition the Bermuda Chamber of Commerce will host its Annual Budget Breakfast on Monday, 25 February 2019 at The Hamilton Princess and Beach Club. In making the announcement, the Chamber’s Chief Executive Officer Kendaree Burgess noted: “We are pleased to host our annual Budget Breakfast, to be held the Monday morning... Read more of this article

2008-2017: Decline In Jobs Filled & Tax Revenue

2008-2017: Decline In Jobs Filled & Tax Revenue

Between 2008 – 2017, there were “3,209 less Bermudians working, 3,513 less foreign workers, and $60 – $70 million tax revenue less per year,” according to a presentation shown during Government’s recently held Pre-Budget meeting. A chart contained in the presentation shows that filled jobs dropped from 40,213 in 2008, to 33,653... Read more of this article

Kempe: ‘PLP Thinks Can Tax Us Into Prosperity’

Kempe: ‘PLP Thinks Can Tax Us Into Prosperity’

“This Government is bereft of ideas to stimulate the Bermuda economy,” Shadow Finance Minister Nick Kempe said, asking “why does Government think it can simply tax people into the ground and not share any of the sacrifice.” Senator Kempe said, “The public can clearly see that this Government is bereft of ideas to stimulate the... Read more of this article

Video: Public Meeting On Pre-Budget Report

Video: Public Meeting On Pre-Budget Report

The Pre-Budget Public Meeting is being held this evening [Jan 30], with Minister of Finance Curtis Dickinson and Junior Minister of Finance Wayne Furbert set to provide a presentation and answer queries. A Government spokesperson previously said, “The public is invited to attend a meeting to discuss the Pre-Budget Report on Wednesday 30 January at... Read more of this article

Public Invited To Pre-Budget Report Meeting

Public Invited To Pre-Budget Report Meeting

There will be a public meeting to discuss the Pre-Budget Report at 6pm on Wednesday [Jan 30] at the Heritage Worship Centre on Dundonald Street in Hamilton. A Government spokesperson said, “The public is invited to attend a meeting to discuss the Pre-Budget Report on Wednesday 30 January at 6pm in the Goodwin C. Smith Hall, Heritage Worship Centre,... Read more of this article

Shadow Finance Minister On Pre-Budget Report

Shadow Finance Minister On Pre-Budget Report

“This PLP Government is again raising taxes on Bermudians without sharing sacrifices by curtailing its own spending and has failed in its platform promise to balance the budget by 2019,” Shadow Minister of Finance Nick Kempe said. Senator Kempe said, “Increasing taxes when the economy is performing poorly is never a good idea. However, if the... Read more of this article