Hashtag: #2023Budget
Budget: Customs Duty & Sugar Tax Changes
The Government will extend customs duty exemption for investments in plant and equipment to the personal care and personal fitness sectors, school uniforms imported by local businesses for resale and aggregate imports used to manufacture concrete and concrete blocks, Premier David Burt said, adding that there will also be adjustments to the sugar tax... Read more of this article
Cabinet Approves Morgan’s Point Project
[Updated] The Cabinet has approved the completion of Morgan’s Point, with 101 residential units planned for phase one along with an amenity village with restaurants, shops, a boardwalk and more, with the Premier saying that “initial cost estimates for this first phase are $130 million.” Premier Burt tweeted the images below, saying: “Exciting... Read more of this article
Live Updates & Video: Premier Delivers Budget
[Updating] Premier and Minister of Finance David Burt is set to deliver the 2023 Budget in the House of Assembly this morning [Feb 17], with the Premier previously saying that he “will be delivering a budget that will continue to reduce taxes for workers and businesses in Bermuda, increase investments in vital reforms and critical infrastructure... Read more of this article
Charts Only: 2023-2024 Bermuda Budget
For those seeking a quick visual view of the 2023 Budget delivered in the House of Assembly by Premier and Minister of Finance David Burt this morning [Feb 17], the charts extracted from the Budget are below. For comparison’s sake, charts from the 2022 Budget are here, 2021 Budget are here, 2020 Budget are here, 2019 Budget are here, 2018 Budget... Read more of this article
Full Document: 2023/2024 Budget Speech
Anyone making $132,000 or less per year will pay less in payroll taxes next year, all ministries except for Home Affairs received a boost to funding levels, Cabinet has approved a $130 million project to create a mixed use development with residential rental apartments and amenities at Morgan’s Point, and debt reduction will start this year when... Read more of this article
Video: Premier David Burt’s Pre-Budget Message
This Friday “I will be delivering a budget that will continue to reduce taxes for workers and businesses in Bermuda, increase investments in vital reforms and critical infrastructure while keeping Bermuda firmly on the path towards a balanced budget in 2024,” Premier David Burt. The Premier, who is also the Minister of Finance, said, “As... Read more of this article
Video: Cheryl Packwood & Craig Simmons
Cheryl Packwood and Craig Simmons joined Bernews for the latest episode in the Bernews News & Views series, with the duo discussing the upcoming 2023 Budget. The video will be live streamed below starting at 7.30pm, as well as on Bernews YouTube, Twitter, Facebook, and LinkedIn pages. Related Stories Video: BNV Panel Discussion On Budget Video:... Read more of this article
Chamber Announces Budget Breakfast Panelists
The Bermuda Chamber of Commerce announced the roster of panelists for their Annual Budget Breakfast event to be hosted at Hamilton Princess Hotel on Monday, 20th February. A spokesperson said, “The event, sponsored by PwC, will give attendees the chance to gain valuable insights from government, finance, and business leaders as they discuss the implications... Read more of this article
Timeline For 2023/2024 Bermuda Budget
The 2023/2024 Bermuda Budget will be delivered this Friday [Feb 17] and following that the Opposition will deliver their formal reply on Friday, February 24th and then the budget will be debated in both the House and Senate, with the start of the new fiscal year set to start on April 1, 2023. This is according to the Government, who posted the graphic... Read more of this article
Chamber’s 2023 Budget Breakfast Sold Out
The 2023 Budget Breakfast event, which will be hosted by the Bermuda Chamber of Commerce, has sold out. A spokesperson said, “The Annual Budget Breakfast event, which will be hosted by the Bermuda Chamber of Commerce at the Hamilton Princess Hotel on Monday, 20th February, has generated tremendous interest this year. In less than a week, 350 seats... Read more of this article
Chamber To Host Budget Breakfast On Feb 20
The Bermuda Chamber of Commerce will be hosting its annual Budget Breakfast on Monday, February 20th at the Hamilton Princess Hotel. A spokesperson said, “This engaging event will be sponsored by PwC Bermuda and feature a panel discussion moderated by PwC territory leader Arthur Wightman. “At the breakfast, held the Monday morning immediately... Read more of this article
Budget Statement To Be Presented On Feb 17
Premier and Minister of Finance David Burt will present the Budget Statement in the House of Assembly on Friday, February 17th. A Government spokesperson said, “In support of the Estimates of Revenue and Expenditure 2023 – 2024, the Premier and Minister of Finance, the Hon. E. David Burt, JP, MP, will present the Budget Statement in the House... Read more of this article
Pre-Budget Report Submission Deadline Is Jan 17
The deadline to submit feedback on the 2023 – 2024 Pre-Budget Report has been extended to January 17th 2023. A Government spokesperson said, “The Government recently released its 2023 – 2024 Pre-Budget Report. The Pre-Budget Report is a policy statement issued by the Government prior to the release of its budget. “It defines... Read more of this article
Video: BNV Interview With Premier David Burt
Premier David Burt will be joining Bernews at 6.00pm today [Jan 12] for the latest episode in the Bernews News & Views series, with the Premier — who is also the Finance Minister — set to discuss the the 2023 Pre Budget report, with the public invited to provide feedback until January 17th. The video will be live streamed below, as... Read more of this article
Pre-Budget Report Feedback Extended To Jan 17
The deadline for feedback on the Pre-Budget Report has been extended until January 17th. The Government posted the graphic online below, saying, “The deadline for feedback on the Pre-Budget Report has been extended to January 17th. We invite the public to provide us with your thoughts, concerns and suggestions as we prepare the upcoming budget together. Read... Read more of this article
Cole Simons On Pre-Budget, Economy & More
[Written by Opposition Leader Cole Simons] The Progressive Labour Party Government’s 2023-24 Pre-Budget Report tells Bermuda a graphic story of their intended direction and priorities. Unfortunately, the picture they paint is unrealistic, and Bermuda deserves better. Looking through the lens of reality, not the distorted lens of the PLP, will show... Read more of this article
