Hashtag: #Covid19Finances
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
Payments Of $1500 For Three Week Closure
“All affected employees of businesses that are unable to open will receive payments up to a maximum of $1500 this week, which will cover the 3 weeks of closure,” Premier David Burt said, adding that “affected businesses will be eligible for grants to cover expenses and overheads.” The Premier’s comments were made as the... Read more of this article
Government’s List Of Covid Related Contracts
In response to Parliamentary Questions from MP Michael Dunkley in the House of Assembly, Minister of Health Kim Wilson released a list of Covid-19 related contracts undertaken by the Government. The question was, “Will the Honourable Minister please inform this Honourable House about all Covid-19 related contracts undertaken by the Government... Read more of this article
$234K: Workers & People Directed To Quarantine
The Ministry of Finance “has paid $234,000 to those who are not working and others who have been directed to quarantine” in the past few weeks, Acting Premier Walter Roban said. This follows after increased restrictions were put in place last month due to an outbreak of Covid-19, with the restrictions including the closure of all indoor... Read more of this article
Unemployment Benefits Being Processed
[Updated with PDF] The Government has approved 50 applications so far for the unemployment benefit for employees affected by the recent mandated closures and are currently assessing an additional 110 applications, and they are also working on applications from individuals who have been directed into mandatory quarantine or isolation by the Ministry... Read more of this article
Emergency Grants For Bars, Clubs & Restaurants
The BEDC will be “providing Covid-19 emergency grant funding” to “approved bars, nightclubs, members clubs and restaurants” with maximum grant amounts to range “from $5,000 to $7,000 per business.” This follows after the industry — which already had mandated closures in the ‘lockdown’ earlier this... Read more of this article
Govt To Make Payments ‘No Later Than Thurs’
“The Bermuda Government will make payments to impacted individuals no later than Thursday, 17 December, if their applications are submitted and complete by Monday, 14 December,” the Government said today. This is in relation to the unemployment benefits, with the Minister of Finance Curtis Dickinson recently authorising “unemployment... Read more of this article
Temporary Unemployment Benefit For Workers
“Persons who have been put out of work in bars/clubs will be eligible for up to $1,000 which will be paid electronically,” Premier David Burt said, adding they they will also provide support for businesses who have been ordered to close. This follows after the Government directed that all indoor bars and clubs close effective Tuesday, December... Read more of this article
Ministers On Assistance, Unemployment Benefit
As of November 20, 2020, an estimated 2,163 people are receiving Financial Assistance benefits, Minister Jason Hayward said, while Finance Minister Curtis Dickinson said that just over $267,000 has been paid to about 60 people on the Supplemental Unemployment Benefit programme. Speaking at yesterday’s [Nov 30] press conference, Labour Minister... Read more of this article
Minister: Covid Caused ‘Severe Economic Shock’
Imports decreased by 27.5% over the first two quarters of the year, total visitor arrivals were down by 91% versus a year ago, and employment income for the first 9 months of 2020 fell by $194.2 million. This was from Minister of Finance Curtis Dickinson, who said that the “economic data clearly illustrates the severe economic shock that Covid-19... Read more of this article
50% Payroll Tax Break For Taxi Operators
“Recognizing the challenges faced by taxi operators, the Government will provide a 50% Payroll Tax break to assist the sector,” Premier David Burt said. Speaking at last night’s [Sept 8] press briefing, Premier Burt said, “Among many sectors that were severely impacted by Covid-19 was the Taxi industry. The shelter in place and... Read more of this article
Finance Minister: “We Will Fund New Projects”
“We will fund new projects, such as investments in renewable energy that will reduce the Government’s electricity bill in the long run while providing jobs for Bermudians,” Finance Minister Curtis Dickinson said. Speaking at yesterday’s [Sept 2] press conference, Minister Dickinson said, “Although our COVID–19 Pandemic –... Read more of this article
