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A panel of economic experts gave us their views on yesterday’s Budget.
Nathan Kowalski, CFO Anchor Investment Management
There are five themes that one could highlight from the Budget release:
1. There was a pervasive call for “unity” and “shared s...
DATE: Feb 23, 2013
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The Ministry of Public Safety will receive a one percent increase in its annual budget as it faces the challenge of increasing the number of police officers and enacting necessary security measures to reduce gun violence.
The largest chunk of the Min...
DATE: Feb 23, 2013
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Creating an economic environment in which entrepreneurs can thrive and job creation blossoms is key to driving the economy forward, according to Government.
And yesterday Finance Minister Bob Richards unveiled a number of measures including tax break...
DATE: Feb 23, 2013
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AUTHOR:
Gareth Finighan
Government has unveiled its fiscal plan to address what the Premier called Bermuda’s “financial tsunami” as Finance Minister Bob Richards delivered his first Budget Statement yesterday.
A new statutory debt ceiling of $2.5 billion, $330 million in ad...
DATE: Feb 23, 2013
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The Bermuda Post Office has unveiled a series of commemorative stamps celebrating the 60th anniversary of the Coronation of Queen Elizabeth II.
A spokesman for the Bermuda Philatelic Bureau said: “The new set of commemorative stamps consist of five s...
DATE: Feb 23, 2013
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AUTHOR:
Owain Johnston-Barnes
Local sports legend Cal Bummy Symonds is backing Bradford City striker Nahki Wells to fulfil his potential in the English game.
Symonds, who played for Rochdale in the 1950s before his career was cut short by a knee injury, reckons that Wells has the...
DATE: Feb 23, 2013
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The Opposition Progressive Labour Party has criticised the new Budget as a boon for non-Bermudians and employers while imposing hardship on “everyday Bermudians and seniors”.
“The OBA’s plan to increase the cost of bus passes and increase vehicle lic...
DATE: Feb 23, 2013
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Cancer charity PALS lost its $56,000 Government grant in the 2013/14 Budget.
The majority of charities didn’t have their funding cut for the coming fiscal year; WindReach is set to receive a $10,000 boost to its coffers.
However grants and contributi...
DATE: Feb 23, 2013
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AUTHOR:
Owain Johnston-Barnes
The Island’s two Government rest homes were dealt modest funding cuts in the latest Budget.
Funding for the East End’s Sylvia Richardson Care Facility fell 5.8 percent — from $5.47 million to $5.27 million.
Lefroy House lost 5.7 percent of its $5.4 m...
DATE: Feb 23, 2013
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AUTHOR:
Jonathan Bell
Independent MP Terry Lister declared himself pleased with the new Government’s inaugural budget.
“It shows us in far more detail where we stand with regard to our debt position,” he told The Royal Gazette.
“The Minister has put forward a projection l...
DATE: Feb 23, 2013
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