The rise and fall of spending – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

Log In

Reset Password
BERMUDA | RSS PODCAST

The rise and fall of spending

In the catalogues of figures for Bermuda’s 2012/13 Budget, sharp year-on-year differences occasionally emerge.

Spending on consultants, appears to hold steady - but Government’s anticipated spending on psychological services is set to rise from $6,000 this year, to $50,000 in the next fiscal year.

The $1.7 million originally budgeted for legal services rose to $5.6 million in this year’s revised estimate. The 2012/13 estimate is listed at $3.2 million.

Educational services were budgeted at $130,000; the estimate for next year is $216,000.

Non-hospital medical fees fell from an estimated $1.5 million to less than a million actually spent; the estimate for 2012/13 is $962,000.

And board and commission fees look set to rise significantly, from this year’s estimate of $865,000 to $1.6 million estimated for the year ahead.

Government is the Island’s biggest employer, and the estimated budget for employer overheads in the 2011/12 Budget was $67 million.

The estimate for the next fiscal year is down more than a quarter, to $40 million.

In Government’s analysis of current account revenue, a striking increase looks set in Customs fees and charges.

Government budgeted for $745,000 last year, and estimates $2.4 million for 2012/13 - up 223 percent.

Liquor licences appear due for a fall, with $351,000 budgeted last year, and just $50,000 estimated for the year ahead.

You must be Registered or to post comment or to vote.

Published February 25, 2012 at 7:33 am (Updated February 25, 2012 at 7:33 am)

The rise and fall of spending

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon