The Ministry of Finance announced today that the Government will continue cost containment measures to tackle the annual deficit. The Government-wide freeze on hiring will be extended through the 2016/17 fiscal year, after first announced for the 2015/16 year.

Deputy Premier and Minister of Finance, the Hon E T Richards JP MP said today that the Bermudian public should not be deceived by innuendo, false allegations and political rhetoric over the airport development project.

Hamilton, Bermuda: Minister of Finance the Honourable E.T. Bob Richards today announces that last week Bermuda signed its Declaration to the Multilateral Competent Authority Agreement for the exchange of Country by Country Reports (“CbC”) after a long period of consultation with industry which began last year. In doing so, Bermuda adopts the OECD's CbC reporting regime, applicable to multinational enterprises ("MNEs"). 

The Government published the Airport Development Agreement (ADA) on the parliamentary website last year. More recently, much has been made about the absence of specific schedules from the published material.

The schedules include commercially sensitive information that we cannot release while we are still in negotiations with CCC and Aecon. Parts of the ADA, which I signed last summer, bind us to keep such sensitive information confidential. This is for the benefit of all parties concerned.

Here you will find information relating to the 2016/2017 Budget.

Government Fees

Updated May 2024 

The Bermuda Ministry of Finance wishes to remind Bermuda RFIs of the upcoming submission deadlines for the 2023 CRS Filings and 2023 Annual CRS Compliance Certification Form (the “CRS Compliance Form”): 

CRS Filings: must be submitted by all Bermuda RFIs and Trustee-Documented Trusts (“TDTs”) no later than May 31, 2024.