Hashtag: #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
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
Government: ‘There Is A Balanced Budget’
In advance of the Budget on Friday [Feb 16], Government advised “that there is a balanced budget” which “was achieved with careful planning and without raising or introducing any new taxes.” A Government spokesperson told Bernews, “As the Country prepares for Budget Day tomorrow [Feb 16], it is expected that Government... Read more of this article
Budget To Be Presented On February 16th
Premier and Minister of Finance David Burt will be presenting the Budget Statement on Friday, February 16. A Government spokesperson said, “The Hon. E. David Burt, JP, MP Premier and Minister of Finance, will present the Budget Statement in support of the Estimates of Revenue and Expenditure 2024 – 2025 on Friday, February 16, 2024, at the House... Read more of this article
Premier Invites Feedback On Pre-Budget Report
The public will have an opportunity to ask any last-minute questions or share any final thoughts regarding the Pre-Budget Report, when Premier David Burt hosts a Live Facebook discussion tomorrow evening [Jan. 16]. A Government spokesperson said, “Taking place from 6.00 p.m. – 7.00 p.m., and hosted by MP Jache Adams, the Premier will provide... Read more of this article
Government Releases 2024 Pre-Budget Report
The Government has released its pre-budget report and “invites and welcomes feedback on this document,” with the deadline for submissions set for January 17, 2024. A spokesperson said, “The pre-budget report [PBR] is a document produced annually by the Government to provide the public with a better understanding of our fiscal aims... Read more of this article
Video: OBA On Immigration/Economic Budget
Deputy Leader of the Opposition and Shadow Minister of Labour Jarion Richardson released a video response to Bermuda’s Department of Immigration and Economic Development Budget 2023/24, saying “there seems to be a lack of coherence across the entire project.” You can watch the video below and view all our coverage of the 2023 Budget... Read more of this article
KPMG Releases 2023/24 Budget Snapshot
KPMG in Bermuda provided a “Budget Snapshot and its perspective on key items discussed in the Budget Statement.” A spokesperson said, “Premier David Burt presented the 2023/24 budget on Friday, February 17, 2023. The budget speech highlighted the Government’s goal of achieving balanced and sustainable economic growth for Bermuda.... Read more of this article
Videos: OBA Response To The 2023 Budget
[Updated] “Every man, woman and child living in Bermuda at the end of January 2023, is responsible for repaying approximately $50,251.00, of Bermuda’s National Debt of $3.14 billion dollars,” OBA Leader Cole Simons said today, adding that “Bermuda needs a recovery plan that is realistic, workable and addresses Bermuda’s fiscal... 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
Proposed Changes To Payroll Tax System
Proposed changes to the payroll tax structure “will see all persons earning under $105,000 annually paying less in payroll tax compared to the prior year,” the Premier said today as he provided an overview on the Government’s 2023/24 Pre-Budget Report, which contains proposals the “Government wishes to solicit feedback on prior... Read more of this article
Ministry Of Health 2022/23 Budget: $194,500,012
The Ministry of Health’s budget for the 2022/23 financial year is $194,500,012, Minister of Health Kim Wilson said. Minister Kim Wilson said, “Today, I am pleased to provide highlights of the 2022/2023 Budget Allocation for the Ministry of Health. “The Ministry comprises four departments: the Ministry of Health Headquarters, which... Read more of this article
Target For Balanced Budget Delayed By Year
Premier and Minister of Finance David Burt “signaled that the new target for achieving a balanced budget has now been delayed by one year to fiscal year 2024/25,” the Government said this evening. The Premier said, “In the last budget presentation, the Government was projected to balance the budget by the next fiscal year, 2023/24. However,... Read more of this article
Parliament: Order Of Business For March 17th
The House of Assembly will be in session on Wednesday [March 17], with the debate on the 2021/22 budget set to continue. The Order of Business is below [PDF here]: Related Stories Parliament: Order Of Business For February 26th Full OBA Response To The 2021/22 Budget Video: OBA Leader Initial Budget Response Chamber Of Commerce Budget Response Budget... Read more of this article
Full OBA Response To The 2021/22 Budget
[Updated with full response] In advance of his formal response on Friday [March 5] in the House of Assembly, OBA Leader and Shadow Finance Minister Cole Simons provided key highlights of the OBA’s response to the 2021/22 Budget Statement. Mr. Simons commented: “Many residents see the budget as very aspirational and one that lacks detail. It is likely... Read more of this article
