Hashtag: #Financial
Survey: Bermuda Consumer Confidence Index
According to a recent survey from Narrative Research Bermuda, “the Bermuda Consumer Confidence Index has steadily recovered since its most recent low in Q4 2023 [69.4], up to 76.3, consistent with this time last year.” A spokesperson said, “Bermuda residents have been struggling with rising prices and inflation for over two years, though inflation... Read more of this article
Premier Updates On 2022/23 Govt’s Finances
“Revenue was higher than budgeted, expenditure was lower than budgeted, and the deficit was smaller than budgeted,” Premier and Minister of Finance David Burt said in the House of Assembly today [July 14] The Premier’s full statement follows below: Mr Speaker, I rise today to provide this Honourable House and the people of Bermuda with... Read more of this article
ICO 2020-2021 Audited Financial Statements
The Information Commissioner’s Office [ICO] has released their 2020-2021 Audited Financial Statements. The ICO said, “On Friday, 14 July 2023, the Audited Financial Statements for the Office of the Information Commissioner for the year ended 31 March 2021 were tabled in the House of Assembly. “Information Commissioner Gitanjali Gutierrez... Read more of this article
UK Parliament: Bermuda Financial Services
Bermuda “received one of the highest technical compliance ratings of any jurisdiction following a review by the Financial Action Task Force of its work to combat illicit finance,” British MP David Rutley said. During the British Parliament’s session on June 1st, Conservative MP Andrew Rosindell asked the Secretary of State for Foreign,... Read more of this article
Survey: Consumer Confidence & Concerns
According to a recent survey from Narrative Research Bermuda, “consumer confidence level has continued to decline” with the Consumer Confidence Index falling nearly ten percentage points since the fourth quarter of 2021. Consumer Confidence Index A spokesperson said, “With recent rising prices and inflation, it is unsurprising that... Read more of this article
Premier Returns After Taking Part In Roundtable
Premier and Minister of Finance David Burt returns from Barbados this evening after taking part in the Caribbean Financial Access Roundtable, which “discussed critical issues regarding correspondent banking relationships, de-risking, anti-money laundering, and related banking issues.” “Challenges with correspondent banking relationships... Read more of this article
Premier Burt To Attend Financial Roundtable
Premier and Minister of Finance David Burt will be in Barbados tomorrow [April 20] to participate in the Caribbean Financial Access Roundtable. A Government spokesperson said, “At the invitation of the Prime Minister and Minister of Finance of Barbados Mia Amor Mottley, Bermuda’s Premier and Minister of Finance David Burt will be in Barbados on... Read more of this article
Financial Policy Council Meeting Today
The Financial Policy Council [FPC] will be holding its next meeting today [Dec 16] which will include “discussions on the 2021 Throne Speech initiatives and consideration of key findings of the 2021 assessment report of the Fiscal Responsibility Panel.” A Government spokesperson said, “The Financial Policy Council [FPC] will be holding... Read more of this article
Net Public Debt Up $184.9M In Fiscal 2019/20
“Net Public Debt, which excludes guarantees and is net of the Government Borrowing Sinking Fund increased by $184.9 million during fiscal 2019/20 standing at $2.646 billion at the year-end,” Minister of Finance Curtis Dickinson said. Speaking in the House of Assembly today [March 26], the Minister said, “I rise today to advise Honourable... Read more of this article
Minister: Consolidated Fund Financial Statements
“I rise today to advise Honourable Members of the completion of the audit of the Consolidated Fund Financial Statements for the year-ended March 31, 2019, which were tabled in this Honourable House today,” Minister of Finance Curtis Dickinson said. Speaking in the House of Assembly today [Dec 13] Minister Dickinson said, ”I am pleased... Read more of this article
Finance Minister On Economic Substance Act
[Written by Minister of Finance Curtis Dickinson] On Monday, December 17, the House of Assembly united to pass the Economic Substance Act 2018. This saw all 36 Parliamentarians united in defence of and support of our Financial Services Industry, and consequently the livelihood of our country. The people of Bermuda can be proud of their government in... Read more of this article
Minister: Consolidated Fund Financial Statements
The Auditor General gave a qualified audit opinion on the 2017/18 annual accounts of the Consolidated Fund, Minister of Finance Curtis Dickinson in the House of Assembly. The Consolidated Fund is the general operating fund of the Bermuda Government and reports the financial position, operations, change in net debt and cash flows resulting from the activities... Read more of this article
