Hashtag: #BermudaBudget
Deloitte Release 2023/24 ‘Budget Snapshot’
Following the delivery of the 2023 Budget by Premier David Burt this morning [Feb 17] 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 2023 Budget. The... Read more of this article
Video: Opposition Leader Press Conference
[Updated] Opposition Leader Cole Simons is holding a press conference this afternoon [Feb 17] to provide his initial reaction to the 2023/24 Budget, which was delivered in the House of Assembly today. The live video is below and for all our coverage of the 2023 Bermuda Budget click here and for ongoing live updates click here. Update: The live broadcast... Read more of this article
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 Interview With Premier David... 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
