Burt: Budget will focus on long-term planning
Investment in public services and upgrades to infrastructure can be expected in a Budget “focused on responsible choices”, the Premier and Minister of Finance said yesterday.
David Burt delivered a brief video message, where he noted that the fiscal plan was built on extensive consultations with stakeholders.
He said that the 2026-27 Budget — to be presented in the House of Assembly tomorrow — reflected the realities Bermudians faced “and the responsibility we carry to continue protecting Bermuda’s future through sound financial management”.
Mr Burt said: “This Budget will show how this government is committed to making deliberate choices that continue to strengthen our economy, support workers, address the cost of living and build long-term stability in an uncertain global environment.
“It will be a Budget grounded in fairness and long-term planning, not short-term fixes.”
Douglas De Couto, the Shadow Minister of Finance, has accused the Government of dodging accountability, particularly on the impending corporate income tax that he said involved “huge amounts” for the upcoming fiscal year.
In his statement, the Premier said residents would hear on Friday how the Government was providing tax relief for workers and its plans to make sure that economic growth translated into real benefits for Bermudians.
He added: “You will hear how we will reduce Bermuda’s debt and strengthen the island’s finances for future generations.
“You will hear how we are investing in modern public services and upgrading the island’s infrastructure.
“This will be a Budget focused on responsible choices and delivering lasting benefits for Bermudians.”
Dr De Couto, said this Friday would be the Government’s “moment to prove” if it was committed to transparency and good governance.
He said the Opposition had been “repeatedly” frustrated in Parliament when asking the ruling party for details on the corporate income tax.
He added: “Details like how many companies are paying CIT? Will only a few companies pay most of it? And what industries are paying the lion’s share of CIT? This information is vital to make good decisions about how to handle the CIT and to assess the Government’s plans.”
De De Couto also challenged the Government to make a digital Budget book available to MPs — saying that an administration that extolled digital transformation had continued to supply “a 380-page printout that MPs lug around all month”.
The Royal Gazette will provide coverage of the Budget online as Mr Burt delivers his statement on Friday, as well as extensive reporting and analysis later.
