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Premier and Finance Minister David Burt unveiling in Parliament recently what he described as a strong fiscal performance

Premier and Finance Minister David Burt unveiling in Parliament recently what he described as a strong fiscal performance based on higher payroll income that will be used towards a pension increase and a 60% tax cut on fuel imports.

Bermuda’s budget deficit is projected to be $10 point 1 million below the $43 point 5 million estimate as stated in the 2023/24 Consolidated Fund.

The government highlighted its track record of the elimination of mortgage transfer rates, tax breaks for the lowest earning residents and reductions on import duty.

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