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As first promised in July, Premier and Minister of Finance David Burt today introduced legislation to drop duty rates on a list of 21 essential goods.
Premier Burt said: “Since the House rose just before Cup Match, we have been working on concrete measures to address the cost of living. As I said then, the cost of food is increasing and the Government is committed to reducing the price for essential goods that many families must buy weekly.”
The Bill tabled today is the Customs Tariff Amendment (No.3) Act 2022.
The Ministry of Economy and Labour’s Economic Development Department (EDD) is pleased to advise that as part of Tech Education Day, students across Bermuda are invited to join the virtual Blockchain on the Beach to be held on October 7-9, 2022, for free.
Mr Speaker, Bermuda’s economy continues to be driven by international business. This summer we saw a record number of young Bermudians enter the industry as interns, graduate trainees or full time employees in the various sectors. The growth encountered in international business provides significant positive impact on the local economy. In the wake of the worldwide restrictions on travel and in-person meetings, there is a renewed sense of urgency to reconnect again and the Government of Bermuda must re-engage with the industry.
Mr. Speaker, I rise today to provide this Honourable House and the people of Bermuda with an update the work being carried out by the Ministry of Finance. In the first instance, I would like to advise of the latest estimates relating to the 2021/22 Budget arising from the extensive work done to prepare for the audit of the Consolidated Fund.
Following significant demand from members of the public after last week’s passage of Hurricane Fiona, the Ministry of Public Works has decided to extend its waiver of fees related to the commercial disposal of horticultural waste.
This waiver, effective only for the Marsh Folly site in Pembroke, has been extended until Saturday, 8 October. The standard fees associated with commercial horticultural waste disposal will be reinstated on Monday, 10 October.