Mid-Year Budget Review 2024-2025

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2024-2025 Mid-Year Budget Review

Friday, 27 September, 2024

As you are aware, as a continuation of the Government’s Mid-Year Budget Review, the Premier and Minister of Finance, the Hon. David Burt, JP, MP, provided additional information and an update in the House of Assembly today on the current fiscal year 2024/25. The Premier also outlined the fiscal results from last fiscal year 2023/24.

During his Ministerial Statement Premier Burt advised that the Government continues on a path towards achieving a balanced budget as well as a surplus.

For your reference, click the following for the Premier’s full Ministerial Statement


Friday, 20 September, 2024

As part of the Government’s Mid-Year Budget Review, the Premier and Minister of Finance, the Hon. David Burt, JP, MP, delivered a comprehensive Ministerial Statement outlining a $25 million package of support that will address critical public needs.  

During his Ministerial Statement Premier Burt said, “This Government upholds the promises that we make to the people of Bermuda. That is why I am proud to present to this Honourable House and this country today an investment package of $25 million that reflects our commitment to invest in tackling the social challenges facing Bermuda. This package will provide significant additional resources to tackle mental health throughout all segments of our community. We must confront the growing challenge of mental health, and this Government will ensure that mental health resources are more accessible, and support is available for those who need it, helping to reduce stigma and provide healing in our community. Tied to mental health, we will also expand substance abuse and intervention programmes. 

“Mr Speaker, we will provide additional funds to help enhance public safety by increasing funding for the police while expanding interventions to address anti-social behaviour. Our communities deserve to feel safe, and we will ensure that the resources are in place to prevent crime, protect our neighbourhoods, and build trust between law enforcement and the public. In addition, we are investing in extending trauma counselling services to break the intergenerational cycle of violence - and will work with community partners to expand access so that Bermudians can receive the counselling services required.

“Our goal is simple: to ensure that Bermuda’s economic progress is felt by all Bermudians. We will not stop working until we achieve this vision. Whether by enhancing public services, reducing prices, improving public safety, or improving mental health services, we are committed to taking action now.”

For your reference, click the following for the Premier’s full Ministerial Statement

2024-25 BUDGET STATEMENT

For your reference, the Premier’s full Ministerial Statement is attached. 

Budget Statement in support of the Estimates of Revenue and Expenditure 2024 - 2025 presented by the Hon. E. David Burt, JP, MP Premier and Minister of Finance. 

Delivered on: 16 February, 2024


 

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