Bermuda’s Premier Announces Mid-Year Budget Review with No New Taxes
Promising Support for Bermudians
Premier David Burt announced a mid-year national budget review for September, pledging no new taxes and cuts in essential services for Bermudians. In a national broadcast on Tuesday night, Burt emphasized his administration’s commitment to supporting the community.
The Premier assured the public that his administration will not wait for future fiscal years to take action, and instead, will act now to provide the support the community desperately needs. He also promised that no new taxes will be introduced, and no essential services will be cut.
Government Achievements
Since 2017, the Progressive Labour Party (PLP) Government has made significant economic strides and will use these "improved economic performance and finances" to provide more support to Bermudians. Burt mentioned several initiatives aimed at improving the lives of Bermudians, including tax reductions for workers, increased affordable housing options, and keeping pensions in line with inflation rates.
The Premier highlighted that his Government had also seen the country recover from a "once in a century" pandemic in 2020 and went on to balance the budget in this British Overseas Territory.
Crime Situation
Burt addressed the nation about the crime situation, stating that it needs the input of all Bermudians. He recalled recent tragedies that the island had endured, including the death of a family of four and the daylight killing of two young men. The Premier promised to work with the governor and the police to strengthen community safety efforts and provide improved social resources to address the root problems of poverty and crime.
Conclusion
Premier Burt concluded by emphasizing that his administration will work hard over the summer to deliver an impactful package in September. He reiterated that his Government remains committed to the mission to support working people and will redouble efforts to ensure that all Bermudians feel the benefits of the collective progress made and will continue to make together.
Frequently Asked Questions
- Will there be any new taxes introduced?
No, the Government promises no new taxes. - Will essential services be cut?
No, the Government promises no cuts to essential services. - What initiatives are being implemented to improve the lives of Bermudians?
The Government has announced initiatives such as tax reductions for workers, increased affordable housing options, and keeping pensions in line with inflation rates.