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Reduced electricity bills could be in the pipeline if government revenue and expenditure pan out as predicted this year. The pledge was one of several relief measures promised by David Burt, the Premier and finance minister, during yesterday’s Budget...

A balanced Budget has been pushed back a year to 2024-25, the Premier said last night. David Burt, who is now also the Minister of Finance, explained that the postponement was needed to let the Government implement its economic recovery plan and fund...

The Throne Speech, under the title of “Social Renewal and Economic Recovery”, opened with the Governor’s reflection on the “definitive”, once-in-an-era change brought by the Covid-19 pandemic. Rena Lalgie told the gathering: “The wounds inflicted by ...

With the Throne Speech scheduled for tomorrow, we look back at what happened to the pledges made in last year’s legislative blueprint - which was shorter than usual because of the Covid-19 emergency. Of 22 key pledges made last year, nearly half, 10,...

A global agreement on minimum corporate tax rates has approved an exclusion for the island’s international insurance industry. Curtis Dickinson, the minister of finance welcomed the carve-out by the Organisation for Economic Co-operation and Developm...

The One Bermuda Alliance has called for more support for Bermuda’s farmers and fishermen and for funding for school repairs or renewable energy schemes which would make Bermuda more self-sufficient and create jobs. Cole Simons, the Leader of the Opp...

A “wholesale review”of Bermuda’s tax system will be completed by the end of the year after legislation was passed in the Senate yesterday. The Tax Reform Commission Amendment Act 2020 – which will enable the Minister of Finance to set up the commissi...

“Fundamental changes” to Bermuda’s taxation regime could come with some form of tax on rental income in the 2022-23 Budget, the Premier has revealed. David Burt said the Tax Reform Commission, set up in 2017, continues to examine an overhaul of taxat...

Exactly 100 days after David Burt led his Progressive Labour Party to an historic landslide election victory on October 1, 2020, the Premier sat down with The Royal Gazette for an exclusive interview on Friday. This is the full interview. Will t...

Yesterday’s revised Budget gave us a much clearer picture of the hammer blow that Covid-19 has dealt to public finances. An eye-watering $295 million government deficit for the year ended March 31, 2021, is partly the result of ramping up spending t...