Opposition queries Budget’s ‘centrally managed fund’
Extra spending totalling $22.26 million in the 2026-27 Budget is set to be debated by MPs as supplementary estimates next week.
In the House of Assembly on Friday, Douglas De Couto, the Shadow Minister of Finance, queried the role of a $14 million “centrally managed fund” in the present Budget, which he said lacked “any specific project allocated to it or identified”.
David Burt, the Premier and Minister of Finance, responded that, while the supplementary estimates were up for debate the following week, matters related to finance were “perfectly legitimate matters for scrutiny in this House”.
The Premier added that he believed two items had been approved to draw on the fund: the entrepreneurship programme, under the Bermuda Economic Development Corporation, and artificial intelligence.
He said the allocations had been “requested by the particular ministries” and that he believed not even half the $14 million had been earmarked yet.
Figures tabled in the House showed $1.46 million in supplemental funding to the Ministry of Justice for the Department of Corrections, which had been allocated $26.88 million under the Budget for its current account.
The top figure, at $617,850, went to full-time instructors, followed by $357,000 for maintenance staff, $338,395 for policy and governance improvements, $100,000 towards the Astor House residence for paroled inmates in need of support and $50,000 for staff training programmes.
Under the capital account for Corrections, which was given $2.88 million in the Budget, an extra $1 million was given for capital development and prison refurbishments.
The current account for the Bermuda College, under the Ministry of Education, received an additional $3.3 million as an operational grant. The college had been allocated $15.57 in grant money under the Budget.
The Department of Public Lands and Buildings received an extra $15.2 million for capital development towards Compass Point, the former HSBC office block to be purchased for government use. Public Lands and Buildings had a budgeted capital account expenditure of $8.83 million for this fiscal year.
In addition, there was an extra $1.3 million in capital acquisitions for the Department of Information and Digital Technologies for network upgrades.
In the latest Budget, the department had been granted $5.5 million in its capital account.
