2025 ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø Budget Snapshot
ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø in Bermuda has released a snapshot of key points from the 2025/26 Bermuda budget speech, delivered by Finance Minister and Premier David Burt.
ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø has released a snapshot of key points from the 2025/26 Bermuda budget speech
On Friday, May 2, Premier and Minister of Finance David Burt delivered the 2025/26 Budget Statement. This year's budget projects a $43.3m surplus � Bermuda’s second consecutive budget surplus and largest in over 20 years.
The budget reflects the Government’s strategy to invest in infrastructure, healthcare, and cost-of-living relief while maintaining disciplined financial management. For the first time, revenue from the new Corporate Income Tax (CIT) is included, expected to generate $187.5m, with long-term CIT income forecast to average $600m annually for 2026/27 and 2027/28. Real GDP growth in 2024 was estimated at 4.5�5.0%, with inflation easing to 1.9%. Employment remains strong, with the lowest unemployment rate since 1970 (1.6%), driven by strength in international business and continued recovery in the tourism sector. This year’s budget includes a record capital investment of $149.8m, with major funding allocated to road repaving, new ferries and buses, the replacement of the Swing Bridge, Tynes Bay Waste Facility upgrades, and new healthcare infrastructure.
Following the Premier’s statement, ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø in Bermuda provides commentary on highlights and its perspective on key items discussed in the Budget Statement within it 2025/26 Bermuda Budget Snapshot.
