Hashtag: #BermudaBudget

Video: OBA Leader Delivers Budget Reply

Video: OBA Leader Delivers Budget Reply

One Bermuda Alliance [OBA] Leader Jarion Richardson delivered the Opposition’s Reply to the Budget in the House of Assembly today [Feb 23], responding to the 2024 Budget. Your screen will automatically refresh with the latest updates: Related Stories Video: OBA Press Conference On Budget Column: PLP’s Simmons On 2024 Budget AI Powered Improvements... Read more of this article

KPMG Releases 2024/25 Budget Snapshot

KPMG Releases 2024/25 Budget Snapshot

Following Premier David Burt’s presentation of the 2024/25 budget on Friday [Feb 16], KPMG has released its analysis and commentary on the budget highlights. A spokesperson said, “Premier David Burt presented the 2024/25 budget on Friday, February 16, 2024. The Government has presented a balanced budget for the first time in over 20 years... Read more of this article

Video: Minister Rabain & Minister Furbert

Video: Minister Rabain & Minister Furbert

Minister of Education Diallo Rabain and Minister of Transport Wayne Furbert convened a joint post-Budget press conference today [Feb 22], presenting key allocations and initiatives outlined in the 2024 Budget. Minister of Education Diallo Rabain said, “Good day, Bermuda, “I am thrilled to stand before you today to outline our vision and... Read more of this article

Senator Robinson On OBA Budget Reply

Senator Robinson On OBA Budget Reply

The Opposition is set to present their reply to the 2024 Budget, which will show the OBA’s alternative views on managing the island’s finances, Opposition Senator Dwayne Robinson said, adding that it “will outline our fiscal outlook as well as our social conscience.” Senator Robinson said, “The Opposition is set to present... Read more of this article

Video: Ministers Weeks And Burch On Budget

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

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

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

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

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

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

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

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

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’

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

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

Charts Only: 2024-2025 Bermuda Budget

Charts Only: 2024-2025 Bermuda Budget

To quickly grasp the 2024 Budget delivered by Premier and Minister of Finance David Burt in the House of Assembly today [Feb 16], check out the charts extracted from the Budget below. For comparison’s sake, charts from the 2023 Budget are here, charts from the 2022 Budget are here, charts from the 2021 Budget are here, charts from the 2020 Budget... Read more of this article