Hashtag: #2024Budget
Video: Ministers Weeks And Burch On Budget
Minister of National Security Michael Weeks and the Minister of Public Works Lt. Col. David A. Burch held a joint post-Budget press conference yesterday [Feb 21]. Minister Weeks’s full statement follows below: Good afternoon everyone, and thank you for joining us today. I am happy to highlight the key initiatives within the Ministry of National... Read more of this article
Video: Post Budget Press Conference
[Updated] Premier and Minister of Finance David Burt is hosting a post Budget press conference today [Feb 19]. We will have additional information later on, and in the meantime the live video is below. You can read a full copy of the 2024 Budget speech here, and view all our coverage of the 2024 Budget here. Update Feb 19, 4.52pm: Premier Burt said,... Read more of this article
National Security Budget Increases To $137.8M
“The Ministry of National Security has been allocated $137.8 million – an increase of $6.4 million,” Premier David Burt announced in the Budget. The relevant extract of the 2024 Budget statement said, “The majority of this increase is due to negotiated salary uplifts, with some funding for new programmes. “New programmes... Read more of this article
Govt Expands Mortgage Guarantee Programme
Starting on April 1, the Government will expanding Phase 2 of the Mortgage Guarantee Programme to “include employees of Government quangos and part-time Regiment soldiers who will now also be eligible to transfer their mortgages into this programme,” Premier David Burt announced in the Budget, The relevant extract of the 2024 Budget statement... Read more of this article
Ministry Of Education Allocated $142.6M Budget
The Ministry of Education has been allocated $142.6 million, Premier David Burt announced in the Budget, with capital funding increased by 40% to $6.4 million to support Education Reform projects. The relevant extract of the 2024 Budget statement said, “The Ministry of Education has been allocated $142.6 million – an increase of $2.7 million... Read more of this article
AI Powered Improvements To Govt Services
The 2024 Budget “funds a digital transformation team that will work to roll out artificial intelligence-powered improvements to government services,” Premier David Burt announced in the Budget, adding that “it is important to note that AI is not a method to replace workers, but a tool to enhance the productivity of our dedicated public... Read more of this article
Moving Govt Email Systems To The Cloud
The 2024 Budget funds the moving of the Government’s e-mail systems to the cloud “to ensure that in the event of any future attack the Government’s core e-mail system will still function,” Premier David Burt announced in the Budget yesterday [Feb 16]. The relevant extract of the 2024 Budget statement said, “One of the lessons... Read more of this article
Chamber Response To The 2024/2025 Budget
The Bermuda Chamber of Commerce said they “applaud the Government’s achievement of presenting a balanced budget for the first time in nearly two decades and welcomes the decision not to impose new taxes on neither employers nor employees.” A spokesperson said, “The Chamber endorses a budget aimed at fostering economic growth... Read more of this article
Column: PLP’s Simmons On 2024 Budget
[Opinion column written by: PLP Chairman Dawn Simmons] Today’s Budget Statement by the Progressive Labour Party Government is a demonstration of our real and tangible commitment to investing in our people, giving voice to the voiceless, and providing a safety net for Bermuda’s most vulnerable. Throughout the Progressive Labour Party’s... Read more of this article
Deloitte Release 2024/25 ‘Budget Snapshot’
Following the delivery of the 2024 Budget by Premier 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 in an easy to read format. You can click here to view our live blog, and click here to view all our coverage of the 2024 Budget. The... Read more of this article
Video: OBA Press Conference On Budget
[Updated] Opposition Leader Jarion Richardson is holding a press conference to provide an initial reaction to the 2024 Budget, which was delivered in the House of Assembly today [Feb 16]. You can read a full copy of the 2024 Budget speech here, view all our coverage of the 2024 Budget here, and view our live updates here. Update: Mr Richardson’s... Read more of this article
Funding Allocated For Two New Ferries
“Capital funding has been awarded for the purchase of two new ferries” and “digital fare media will be implemented for buses and ferries,” Premier David Burt announced in the Budget this morning [Feb 16]. The relevant extract of the 2024 Budget statement said, “The Ministry of Transport has been allocated $68.2 million... Read more of this article
