Hashtag: #2022Budget
Payroll Tax Concessions & New Hire Extended
The payroll tax concessions for hotels, restaurants, bars and nightclubs will be extended for at least another six months and the ‘New Hire Relief’ will be extended for a further two years. Extension of Payroll Tax Concessions for Hotel & Restaurant Industry In delivering the 2022 Budget, Premier David Burt said, “Mr. Speaker, since... Read more of this article
OBA: “This Was Not A Responsible Budget”
“This was not a responsible Budget. Instead, it felt like a political one — an election budget.” One Bermuda Alliance [OBA] Leader Cole Simons today. Mr Simons said, “Residents of Bermuda have all been waiting to hear the 2022/2023 Budget with anticipation. “It’s no secret that many are struggling to make ends meet. It... Read more of this article
PwC Release 2022 Budget Highlight Summary
Following the delivery of the 2022/23 Budget this morning [Feb 25] by Premier and Minister of Finance David Burt, PwC Bermuda released a highlight summary sheet. View all our coverage of the 2022 Budget here and our live blog here. The summary below was provided by PwC: Related Stories OBA: Little Time To Ask Questions In Debate Video: Minister... Read more of this article
Deloitte Release 2022/23 ‘Budget Snapshot’
Following the delivery of the 2022 Budget by Premier and Minister of Finance David Burt this morning [Feb 25] 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
Full Document: 2022/2023 Budget Speech
The Government is cutting vehicle licensing fees for private cars by 10%, $5 million has been budgeted to purchase additional new buses and to refit one of our fast ferries, $1 million has been allocated for a new islandwide CCTV system, registered charities who earn a majority of their funds from donations are exempt from land taxes, and the payroll... Read more of this article
Charts Only: 2022-2023 Bermuda Budget
For those seeking a quick visual view of the 2022 Budget delivered in the House of Assembly by Premier David Burt this morning [Feb 25], the charts extracted from the Budget are below. For comparison’s sake, charts from the 2021 Budget are here, 2020 Budget are here, 2019 Budget are here, 2018 Budget are here, 2017 Budget are here, the 2016 Budget... Read more of this article
Car Licensing Fees To Be Reduced By 10%
“This year, to provide further relief across the board to all residents, the Government is cutting the vehicle licensing fees for private cars by 10%,” Premier and Minister of Finance David Burt said. In delivering the 2022 Budget today, Premier Burt said, “It has long been a known irritation in Bermuda that the birthday gift from the Government... Read more of this article
Live Updates & Audio: Premier Delivers Budget
[Updates to begin at around 10am] Premier and Minister of Finance David Burt is set to deliver the 2022 Budget in the House of Assembly this morning [Feb 25]. The live video will start when the Budget starts – which is normally at just past 10am We will be covering the Budget all day, providing live updates as the Premier delivers the speech,... Read more of this article
Target For Balanced Budget Delayed By Year
Premier and Minister of Finance David Burt “signaled that the new target for achieving a balanced budget has now been delayed by one year to fiscal year 2024/25,” the Government said this evening. The Premier said, “In the last budget presentation, the Government was projected to balance the budget by the next fiscal year, 2023/24. However,... Read more of this article
Age Concern Members Concerned About Budget
“In a recent survey of 389 of our members, comprised of persons aged 50 and older, more than 75% of respondents indicated that they are extremely concerned about Bermuda’s budget this year,” Age Concern said. A spokesperson said, “The Government is worthy of praise for the excellent handling of the Covid- 19 pandemic, these are indeed difficult... Read more of this article
“Difficult Budget As We Strike The Balance”
Premier, and now Minister of Finance, David Burt noted that the 2022 Budget – which will be delivered on February 25th — “will be an extremely difficult budget as we strike the balance required to stabilize public finances, promote economic growth, deliver on our election promises, and provide relief and services for the people of... Read more of this article
