Hashtag: #BermudaGovernmentRevenue
Atherden: ‘Reflects Good Stewardship Of OBA’
Following the Government’s statement on the 2017/18 First Half Fiscal Performance, Opposition Leader Jeanne Atherden that it speaks to the “impact of policies established by the OBA Government” and reflects the “good stewardship of the OBA and the progress being made toward balancing the budget.” Ms Atherden said, “It is... Read more of this article
Bob Richards: “Bermuda Back From The Brink”
Former Deputy Premier and Finance Minister Bob Richards is getting set to release his new book, called “Bermuda Back from the Brink”, with the Bermuda Underwater Exploration Institute [BUEI] getting set to host a lecture and book signing with Mr Richards this Friday. The event poster says, “How did a six quarter recession in the US turn into... Read more of this article
Consolidated Fund Financial Statements
Junior Minister of Finance Wayne Furbert tabled the audited financial statements relating to the Consolidated Fund for the year-ended March 31, 2017 in the House of Assembly today [Dec 8]. Mr Furbert said, “The Consolidated Fund is the general operating fund of the Bermuda Government and is the Fund through which Government conducts the majority... Read more of this article
Govt’s Loan Facility With Bank Of Butterfield
The Government is executing a $135 million 18 month loan facility agreement with the Bank of Butterfield, Premier and Minister of Finance David Burt said, adding that “it must be noted that at this time Government has not borrowed $135 million but only is arranging a facility in place to borrow up to this amount.” Speaking the House of Assembly... Read more of this article
Govt: 2017/18 First Quarter Fiscal Performance
The Ministry of Finance today [Aug 24] reported on the 2017/18 First Quarter Fiscal Performance, saying that revenues for the first quarter ending June 2017 are $249.9 million; current account expenditures, excluding debt service, for the first three months ending June 2017 are $232.3 million; and gross debt at the end of June 2017 stood at $2.494 billion. 2017/18... Read more of this article
National Security Ministry 2017 Budget Briefs
National Security Minister Jeff Baron delivered the Ministry Budget Briefs in the Senate earlier today [March 22], and the Budget Briefs for the various departments within the Ministry are below. In discussing the budget for the Bermuda Police Service, the Minister said, “The staffing level in the BPS has dipped below 400 officers for the first... Read more of this article
2016 Consolidated Fund Financial Statements
In the House of Assembly on Friday, Minister of Finance Bob Richards tabled the audited financial statements relating to the Consolidated Fund for the year-ended March 31, 2016, saying that Net Public Debt stood at $2.218 billion. The Consolidated Fund is the general operating fund of the Bermuda Government and is the Fund through which Government... Read more of this article
Column: ‘People’s Budget Sets Right Priorities’
[Opinion column written by Shadow Finance Minister David Burt] To serve as the Opposition Leader of Bermuda is an honour. I would like to emphasise the word “serve”. To the voters who elected me: I serve you. To those who didn’t: I serve you. All my Parliamentary colleagues will always be mindful of who they serve: the people. It is the People’s... Read more of this article
Video: Interview With Finance Minister On Budget
Finance Minister Bob Richards sat down with Bernews today for a live interview on our Facebook page, where he discussed the 2017 Budget. Speaking with guest interviewer Jeremy Deacon, Minister Richards spoke about various aspects of the Budget, including the national debt, the reaction to the Budget, payroll tax and more. If you want to listen ‘on... Read more of this article
Charts Only: Opposition’s 2017 Budget Reply
For those seeking a quick visual view of the Progressive Labour Party’s official response to the 2017 Budget, which was delivered in the House of Assembly by Shadow Finance Minister David Burt today [March 3], the charts extracted from the Reply are below. You can view our live updates of the Budget Reply here, the complete Reply to the Budget here,... Read more of this article
BPSU Response To 2017/2018 Bermuda Budget
The current Budget is a “welcomed deviation from the status quo fiscal policies that we have seen in past budgets,” the Bermuda Public Services Union said, adding that the “2017/18 budget reflects the reality that the tax burden has not been equally shared in Bermuda for many years.” Finance Minister Delivers Budget Introducing... Read more of this article
KPMG Responds To 2017/18 Bermuda Budget
“Increasing taxes will help to balance the budget and should see Bermuda’s debt start to reduce in a few years, but there is more to be done in reforming the public sector,” KPMG said, adding that “increasing the cost of doing business in Bermuda may result in businesses moving their staff to lower cost jurisdictions.” Finance... Read more of this article
