Log In

Reset Password
DIGITAL EDITION VIDEOS PHOTOS PODCAST RSS

Bermuda Budget

Other

The next step in a multiyear recovery plan

The Government’s 2015-16 Budget is a working plan to keep Bermuda moving toward recovery that meets people’s needs and gets government finances back on solid ground. It’s a big document that addresses global issues, local economics, the needs of vari...
Feb 27, 2015
Opinion Writer

Spirit of co-operation vital to our recovery

Everyone knew any Government Budget in these economic circumstances was not going be a lobster dinner with all the trimmings. Not only was it going be a major problem finding sufficient lobsters, but even the trimmings were in short supply. It was e...
Feb 26, 2015
Other

Business bosses not impressed by Budget

Business chiefs are lukewarm on the latest Budget — with more than three-quarters saying Government missed revenue-raising opportunities. And an overwhelming number rated the level of debt as their major concern — with privatisation, public sector st...
Feb 25, 2015
Other

Taking the first steps towards reducing debt

It’s steady as she goes. Government’s fiscal policy stance for the foreseeable future is one of debt reduction: expect decreases in spending as the primary weapon and increases in taxes in a supporting role. The original plan called for successive an...
Feb 24, 2015
Other

Hanbury optimistic despite $1.4m budget cut

The Bermuda Tourism Authority remains cautiously optimistic about prospects for the next 12 months despite seeing its budget cut by $1.4 million. At $21.7 million, the proposed budget for tourism in 2015-16 is the lowest in more than 30 years. But th...
Feb 24, 2015
Other

‘We can’t rely on IB alone for growth’

Bermuda can no longer rely on growth in international business to boost the economy, Finance Minister Bob Richards said yesterday. And Mr Richards added it was vital to boost tourism to stimulate the Island’s economy. Mr Richards paid tribute to the ...
Feb 24, 2015
Other

Business leaders want more shared sacrifice

Government will save an estimated $25 million this year by freezing most vacant Government jobs, Finance Minister Bob Richards yesterday told a post-Budget Chamber of Commerce meeting. And he said that Government planned to introduce measures to make...
Feb 24, 2015
Other

BPSU: Tax concession rollback an ‘injustice’

By Sarah Lagan The reduction in payroll concessions for hotel, restaurant and retail employees is an “injustice” according to Jason Hayward. In a statement, the president of the Bermuda Public Services Union highlighted that employees will experienc...
Feb 23, 2015
Other

Economic growth hinges on big cheques, says Richards

Bermuda cannot have any kind of economic growth without somebody signing some big cheques first, Finance Minister Bob Richards said yesterday afternoon in defence of the 2015-16 Budget statement. The Finance Minister, who noted that jobs creation wou...
Feb 21, 2015
Other

Spectre of job losses raised

Public sector workers could be laid off this fiscal year, Finance Minister Bob Richards warned as he lamented the union leadership’s refusal to continue with furlough days. Mr Richards said job losses could no longer be ruled out as Government trims ...
Feb 21, 2015
Other

Bermuda forced to borrow $125 million more

The Bermuda Government will have to borrow another $125 million in the next fiscal year, adding to its $2 billion-plus of outstanding debts. Of the $800 million that the Government borrowed less than two years ago to see it through multiple years of...
Feb 21, 2015
Other

Extra revenue ‘esssential’ to break crippling deficit

Bermuda’s economy will be strong enough to withstand new tax increases, Finance Minister Bob Richards claimed as he read his Budget Statement to the House of Assembly yesterday. Mr Richards announced a host of hikes, including the scaling back of con...
Feb 21, 2015
Available for
iPhones and iPads
Available in
Google Play
Use of this website signifies your agreement to the Terms of Service and Privacy Notice
© Copyright 2024 royalgazette.com. All rights reserved.