News - Government of Bermuda

Press Release The Cabinet Office 2 min read May 5, 2026

Grants Awarded to Support Youth Development and Community Services

The Premier, the Hon. David Burt, JP, MP, presented grants awarded from the Confiscated Assets Fund (CAF) to three community organisations supporting youth development and social services. He was joined by the Minister of Home Affairs, the Hon. Alexa Lightbourne, JP, MP, along with MP Neville Tyrrell, MP Lawrence Scott, and MP Denis Lister III. The recipients were the Pembroke Hamilton Club (PHC) Drum and Majorette Corps, the Delta Sigma Theta Sorority, and Teen Services. Each organisation...

Press Release The Cabinet Office 2 min read May 4, 2026

S&P Improves Bermuda’s Outlook to Positive, Affirms A+ Ratings

The Government of Bermuda welcomes the latest ratings action from S&P Global Ratings, which has improved Bermuda’s outlook to Positive from Stable and affirmed the Island’s A+ long-term sovereign credit rating and A-1 short-term rating. S&P said the positive outlook reflects its expectation that, over the next 12 to 24 months, “corporate income tax collections will remain strong” and that the Government will “pay down its debt and strengthen fiscal balances.” Premier and Minister of Finance,...

Press Release Home Affairs 2 min read Jan 23, 2026

Minister of Home Affairs advocates for greater financial access with Clarien Bank Executives

As part of her ongoing efforts to address all pillars of Bermuda’s cost of living challenges, including financial access and affordability, the Minister of Home Affairs, the Hon. Alexa Lightbourne, JP, MP, met with Clarien Bank executives to explore banking solutions that could benefit Bermudian families. Minister Lightbourne, accompanied by Permanent Secretary Valerie Robinson-James, met with Ian Truran, Chief Executive Officer, and Simon Van de Weg, Chief Banking Officer to discuss savings...

Press Release Finance 2 min read Dec 16, 2025

Government Reaffirms Retroactive Pay and Healthcare Funding Plans

“We have one acute care hospital, and we must ensure its stability in serving the needs of the people of Bermuda.” A Government spokesman today reaffirmed that an increase to the Standard Premium Rate (SPR), as signaled in the 2025 Budget Statement, will be implemented in April 2026, to ensure the Bermuda Hospitals Board (BHB) has the funding required to deliver higher-quality, sustainable healthcare for all residents. The spokesman continued: “This increase is also necessary to support the...

Ministerial Statement Home Affairs 1 min read Dec 12, 2025

Updates to the National Electricity Sector Policy

The Minister of Home Affairs, the Hon. Alexa Lightbourne recently announced a comprehensive update to the National Electricity Sector Policy, marking the first major revision since 2015. The updated policy sets a clear vision for a reliable, affordable, and low-carbon energy future, aligned with global best practices and Bermuda’s sustainability goals. The new framework focuses on: Affordability and Security: Protecting residents and businesses from volatile fuel costs while ensuring...

Ministerial Statement Home Affairs 1 min read Dec 12, 2025

Updates House on Affordable Bermuda Agenda

Minister of Home Affairs Alexa Lightbourne today provided an update on the Government’s Affordable Bermuda Agenda , outlining key initiatives designed to ease cost-of-living pressures and strengthen community resilience. The Minister emphasized that affordability requires a multi-pronged approach , combining innovation, collaboration, and legislative reform. Highlights of the update include: Digital Currency Pilot: A program to reduce transaction fees and promote financial inclusion, featuring..

Press Release Finance 2 min read Nov 21, 2025

International Tax Matters

Tax Credit Act 2025 and Corporate Income Tax Amendment (No.2) Act laid in Parliament and changes in the jurisdiction’s international tax responsibilities. Today, the Government laid the Tax Credit Act 2025 and the Corporate Income Tax Amendment (No. 2) Act before Parliament. These Bills follow a period of public consultation and extensive engagement with industry stakeholders. Tax Credit Act 2025 Following the release of the independent Tax Reform Commission’s (TRC) Report in July 2025, the...

Ministerial Statement Finance 4 min read Nov 21, 2025

Land Tax Relief for Surviving Spouses

Mr. Speaker, There is a powerful truth that guides compassionate societies: we measure our strength not by the wealth of the fortunate, but by the care we extend to those experiencing life’s most challenging moments. It is in these moments — when families are grieving, when stability is shaken, when uncertainty looms, — that Government must step forward with clarity, fairness, and humanity. Today, Mr. Speaker, I rise to speak to an issue that touches the very heart of Bermudian families: the...

Press Release Finance 3 min read Jun 9, 2025

Bermuda Ministry of Finance Hosts 28th Meeting of Financial Policy Council

The Financial Policy Council (FPC) held its twenty eighth meeting on 11 April 2025. All FPC Members were able to participate in the meeting, which was run in a hybrid format, with some Members joining via teleconference and others taking part in person at the Bermuda Monetary Authority. It was the first meeting for new FPC Deputy Chair, Jill May as she works with Sir Andrew Large to handover Deputy Chair responsibilities. The meeting hosted the First Roundtable with the Bermuda-based...

Press Release The Cabinet Office and Digital Innovation 2 min read Jun 9, 2025

Caribbean Canada Leaders Visit Cabinet Office During Bermuda Study Tour

As part of the 2025 Caribbean Canada Leaders Dialogue (CCLD), 16 emerging leaders visited the Cabinet Office for a courtesy meeting with the Premier of Bermuda, the Hon. E. David Burt, JP, MP, and the Minister of Economy and Labour, the Hon. Jason Hayward, JP, MP. The Caribbean Canada Leaders Dialogue is a cross-sector leadership programme that brings together individuals from government, education, business, labour, and civil society to develop leadership skills and strengthen partnerships...

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