677 results returned for search: "" category ("Budget" AND "News")
Finance Ministry forecasters do not expect Bermuda’s economy to emerge from recession until the middle of next year.
The grim prognosis came in the National Economic Report of 2010, which estimates that Bermuda’s gross domestic product (GDP) fell fou...
DATE: Feb 19, 2011
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CATEGORY:
Budget
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Whether they were posted on our website stories, our Facebook pages, or our Follow It Live site, as we reported live on the Budget we were inundated with comments yesterday.
In their own words, here is a sample of some of those comments.
Congratulat...
DATE: Feb 19, 2011
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CATEGORY:
Budget
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The cost of interest alone on Bermuda’s spiralling public debt equates to $191,780 per day.
That is according to the Budget statement released by Premier and Finance Minister Paula Cox yesterday, which shows that Government borrowing has surged past ...
DATE: Feb 19, 2011
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CATEGORY:
Budget
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Programmes to help at-risk young people and small businesses were two victims of Premier Paula Cox’s cost-cutting Budget yesterday.
The Mirrors programme repeatedly heralded for turning around the lives of young men and women since its launch four ye...
DATE: Feb 19, 2011
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CATEGORY:
Budget
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AUTHOR:
Tim Smith
$197,000
Amount Bermuda will be paying per day on its debt in 2011/12
$6.2m
Amount of additional revenue government is receiving in wharfage after taking the revenue over from the Corporations of Hamilton and St George’s
$5.75m
Extra grants Governmen...
DATE: Feb 19, 2011
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CATEGORY:
Budget
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Premier Paula Cox yesterday cut payroll tax, hoping to stimulate the economy and lead Bermuda into recovery from recession.
Reversing the unpopular two percentage point rise she imposed last year so payroll tax returns to 14 percent Ms Cox says she’s...
DATE: Feb 19, 2011
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CATEGORY:
Budget
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AUTHOR:
Tim Smith
Premier Paula Cox today took the unprecedented step of issuing a pre-Budget statement on the Progressive Labour Party website.
An introduction to the statement said that “t5oday, Premier Paula Cox will introduce the budget. She notes that this Bermud...
DATE: Feb 18, 2011
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CATEGORY:
Budget
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Falling house prices and rent, a shrinking population, rising health care costs, patchy public schools’ performance and huge numbers of people working for Government.
Sounds like the average critic’s snapshot of Bermuda today, but that’s economist Pe...
DATE: Feb 18, 2011
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CATEGORY:
Budget
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United Bermuda Party leader Kim Swan yesterday urged Premier Paula Cox to take his party's advice as she prepares to deliver her first Budget as leader of the Country.
Mr Swan said the Island would be in much better shape if Government had heeded the...
DATE: Feb 18, 2011
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CATEGORY:
Budget
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AUTHOR:
Tim Smith
Michael Fahy believes Bermuda’s economy can only be saved if Government owns up to its failings but he thinks we’re going to be waiting a long time for that to happen.
“Be ready for the Premier to blame a worldwide downturn for the problems we face, ...
DATE: Feb 17, 2011
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CATEGORY:
Budget
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AUTHOR:
Tim Smith
