• The following statement was released by the Progressive Labour Party following the Budget Statement on Friday, February 22, 2019

Today, the government announced the first Budget Surplus in 17 years, that Bermuda’s National Debt will fall this year for the first time since 2003 and pledged:

  • To give Mortgage relief for families to reduce mortgage rates
  • To support Scholarships to the Bermuda College for all Public School Students with a 3.0 GPA or higher
  • To increase our Investment in Education & Training
  • To increase Investment in social programs to combat gang violence
  • Offer Payroll Tax relief for retailers to protect and spur employment of Bermudians and
  • Offered Payroll tax relief to encourage the hiring of local entertainers
Meanwhile, the Opposition is criticizing the lowering of the retail taxes that they raised, the lowering of payroll taxes that they raised and the lowering of the debt that they doubled.
 
It seems that the OBA will defend the unjust status quo, say anything and attack everything that takes moves us closer to a better, fairer Bermuda.