Mid-Year Budget Review 2024-2025
As part of the Government’s Mid-Year Budget Review, in September, the Premier and Minister of Finance, the Hon. David Burt, JP, MP, announced a comprehensive and far reaching $25 million package of support that will address critical public needs.
The Premier said at the time, “This Government upholds the promises that we make to the people of Bermuda. That is why I am proud to announce 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. 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.”
Read more about the Government’s commitment and what’s contained in the Mid-Year Budget in the e-flyer above.
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.
Ministry of Education Mid-Year Budget Funding - Minister's Remarks - 23 October, 2024
Good Day Bermuda,
Today, the Government of Bermuda is making it clear where its priorities lie - firmly with our children and their education. I am pleased to provide further details on the investment in education as part of the Mid-Year Budget Review. This review allocates an additional $1.55 million for key education priorities, along with a $700,000 Capital Grant for Bermuda College. Read more...
Mid-Year Budget Review - 2024/25 Supplementary Funding - 3 October, 2024
Good Morning Bermuda,
As Minister of Youth, Social Development and Seniors I am excited to share with you the additional services and programmes that our Ministry Departments will be developing and implementing to support Bermuda’s vulnerable populations, which include our children, youth, vulnerable adults, seniors, and persons with disabilities.
These initiatives will help strengthen the social fabric of the Bermuda community and reflect the Government’s unwavering commitment to improving the quality of life for Bermudians. Read more...
Minister of Public Works Ministry Investments Under the Mid-Year Budget Review - 16 October, 2024
Good afternoon.
I am here to share some important updates from the Ministry of Public Works that will positively impact the lives of Bermudians. As part of the recent Mid-Year Budget Review, we have been allocated an additional three million, four hundred and sixty-five thousand dollars ($3,465,000) to fund several projects to enhance our infrastructure and benefit our community. Read more...
Lifting People Up - Social Investment - Putting the People First - 20 September, 2024
Mr Speaker, earlier this morning, I tabled Supplementary Estimate No.1 for Financial Year 2024/25 in this Honourable House. At this time, I wish to provide the context of the Mid-Year review and provide an overview of the significant investment in social services that this Government will make to ensure that more Bermudians benefit from Bermuda’s economic progress. Read more...
Government to Announce Significant Investment in Social Services in Mid-Year Budget Review - 15 September, 2024
“We are listening, and we are acting to build a better Bermuda with fairness, opportunity and care for all," said the Premier, the Hon. David Burt, JP, MP.
The public will recall that in July, during his “Address to Bermuda”, the Premier, pledged that “your government will focus its efforts on implementing additional ways in which it can intervene to provide more relief for you and your family.”
The Premier also shared that “when the House of Assembly resumes in September, we will present a mid-year budget review containing measures that will deliver a meaningful difference in the lives of Bermudians now.”
Today, Premier Burt announced that the Government is preparing to invest additional funds to address critical social issues through a set of significant initiatives that will be introduced in the House of Assembly on Friday. Read more...
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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