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