Hashtag: #2022Budget

OBA: “This Was Not A Responsible Budget”

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

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‘Declining Population Increases Cost Of Living’ Car... Read more of this article

Deloitte Release 2022/23 ‘Budget Snapshot’

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

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

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%

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

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 10amWe 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

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

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”

“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