Hashtag: #Covid19Finances

Ministry Acknowledges Auditor’s Assessment

Ministry Acknowledges Auditor’s Assessment

The Ministry of Finance said they acknowledge the Auditor General’s assessment of the Covid unemployment benefit programme and said they will incorporate the “recommendations into our approach where a gap has been identified.” A Government spokesperson said, “The Ministry of Finance acknowledges the Auditor General’s assessment... Read more of this article

Auditor General Report: Unemployment Benefit

Auditor General Report: Unemployment Benefit

Today [Nov 12], the Auditor General tabled her second public interest report on the Unemployment Benefit Administration programme to “support Parliament in its examination of the Government of Bermuda’s ongoing response to the coronavirus.” A spokesperson said, “ Between April 2020 and April 2021, the Government paid out $61,335,000... Read more of this article

Premier: BEDC Will Continue To Provide Support

Premier: BEDC Will Continue To Provide Support

“The BEDC will continue to provide Covid-19 Funding Support until March 31st, 2022,” Premier David Burt said, adding that “it is anticipated that at least a further $3 to $4 million in financial support will be deployed by the end of this fiscal year.” Speaking in the House of Assembly today [July 16] the Premier provided an... Read more of this article

$5.4 Million Paid In Travel Authorization Fees

$5.4 Million Paid In Travel Authorization Fees

Over $5.4 million has been raised by the Travel Authorization Form fees, and the company providing the website services has been paid over $500,000, the Government has confirmed. This was stated following a Parliamentary Question in the House of Assembly, with Opposition MP  Michael Dunkley asking Minister of Health Kim Wilson for details about the... Read more of this article

Minister: $3.5 Million Paid Over Amount Eligible

Minister: $3.5 Million Paid Over Amount Eligible

Approximately 2,500 people received benefits in excess of the amount they were eligible for in the Unemployment Benefit programme which amounted to approximately $3.5 million, Minister of Finance Curtis Dickinson said, adding that to date, 300 people have refunded the government approximately $500,000. While answering questions in the House of Assembly... Read more of this article

Current Emergency Grant Funding To End

Current Emergency Grant Funding To End

After launching in April, the current phase of the BEDC Covid-19 Emergency Grant Funding will end on June 20th, and the last applications to be considered for support of business impacted during the public health restrictions must be submitted by 11:59 pm on June 19th. A spokesperson said, “The current phase of the BEDC Covid-19 Emergency Grant Funding... Read more of this article

Unemployment Benefits Payments Update

Unemployment Benefits Payments Update

The Ministry of Finance advised that “all persons who have met the required criteria for eligibility for unemployment benefits payments and provided the required documentation have been processed for payment.” A Government spokesperson said, ”It should be noted that there are still over 500 applications whose employers have not verified... Read more of this article

3-Month Extension Of Closed Job Categories

3-Month Extension Of Closed Job Categories

Citing the impact of the pandemic on employment, the Department of Immigration advised that the moratorium on new work permits for closed categories has been extended for an additional three months until July 31st. A Government spokesperson said, “The Ministry of Labour seeks to inform the public of the three month extension of the closed job... Read more of this article

Landlords Asked To Assist As Best They Can

Landlords Asked To Assist As Best They Can

“As the Minister responsible for the Department of Financial assistance, it is my plea to landlords to assist as best you can to be fair and help those in need of support,” Minister of Labour Jason Hayward said, with the Minister also asking Financial Assistance clients to “follow the rules” and “act responsibly.” Minister... Read more of this article

Video: Save Our Restaurants Campaign

Video: Save Our Restaurants Campaign

Noting that there are “more than 2,500 Bermudians employed in the local hospitality industry” and “there is a growing number of locals unemployed,” the Bermuda restaurant industry is asking people to help ‘Save Our Restaurants’. A spokesperson said, “The restaurant industry in Bermuda has issued a rallying cry to the... Read more of this article

BEDC: Covid Businesses Grants/Loans Available

BEDC: Covid Businesses Grants/Loans Available

Businesses can apply via the BEDC for Covid-19 Emergency Grants – with amounts ranging from $5,000 to $7,000 per business — and they can also apply for the Covid-19 Combined Loans/Grants, with amounts under that programme ranging from $10,000 to $40,000 depending on business size. Premier David Burt Speaking at last night’s press... Read more of this article

Applications Can Be Filed: Unemployment Benefit

Applications Can Be Filed: Unemployment Benefit

The Ministry of Finance has renewed the unemployment benefit support for individual workers, and eligible persons can receive $1500 for the full 3 week closure. In an online post, the Bermuda Government said, “The Government is again committed to supporting workers and businesses affected by the revised and necessary regulations. The Ministry... Read more of this article

Minister: Government’s Economic Recovery Plan

Minister: Government’s Economic Recovery Plan

“Bermuda finds itself on the edge of a fiscal cliff” as it “has a relatively high level of government debt and obligations,” and the Government’s Economic Recovery Plan “is the response to these various challenges,” Minister of Finance Curtis Dickinson said. Speaking in the House of Assembly today [March 22]... Read more of this article