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Business sector’s top budget wishes

We asked business owners and leaders what their top wishes were for today’s OBA Budget. Here’s what they said.

n Strategies to improve the overall economy, focused on bringing in new revenue so that both the private sector and the public sector can produces surpluses

Teresa Chatfield of MEF:

n Reduce debt and improve employment prospects

n Specific targeted revenue drivers on a macro scale

Philip Barnett, president of Island Restaurant Group:Ronnie Viera, Chamber of Commerce president:

n Continued payroll tax relief for the still struggling restaurant industry

n Concrete strategies to rein in spending and closing the budget deficit as quickly as possible

n We hope to hear a plan to reduce Government’s expenses leading to reduced borrowing needs

n Incentives which aim to stimulate economic activity

n An extension of the payroll tax relief for our retail and restaurant members.

Susan Thompson, Coldwell Banker Bermuda Realty agency manager:Nathan Kowalski, Chief Financial Officer, Anchor Investment Management:

n Remove license fee for PRCs

n Change the legislation for Bermudians with Non-Bermudian spouses to allow purchase of more than one property

n Reduce the license fee for Non-Bermudians to make Bermuda more competitive with other islands and encourage wealthy people to reside here, and invest in Bermuda.

n A credible plan to bring government spending into balance and a strategy for dealing with ballooning entitlements that are compounding in the face of challenging demographic trends.

n Plans to issue gambling licenses

n Steps aimed at promoting economic industry diversity

‘Concrete strategies’: Philip Barnett, Island Restaurant Group

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Published February 22, 2013 at 8:00 am (Updated February 21, 2013 at 7:00 pm)

Business sector’s top budget wishes

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