https://coronavirus.bernews.com/section/finance/ Fri, 21 Oct 2022 17:30:49 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.2 https://coronavirus.bernews.com/supplementary-unemployment-benefit-extended/ Thu, 20 Oct 2022 16:35:12 +0000 http://coronavirus.bernews.com/?p=26041 The Supplementary Unemployment Benefit [SUB] has been extended to November 30th, the Government confirmed today. A Government spokesperson said, “The Ministry of Economy and Labour is aware of individuals and families that continue to need financial support. It is incumbent on this Government to ensure they can keep a roof over their heads and put […]]]> https://coronavirus.bernews.com/supplemental-unemployment-benefit-extension/ Wed, 16 Mar 2022 16:07:15 +0000 http://coronavirus.bernews.com/?p=25574 “The Supplemental Unemployment Benefit [SUB] programme due to expire 31st March, 2022 will be extended to expire on 31st August, 2022,” Minister of Economy and Labour Jason Hayward said. Speaking the House of Assembly today [March 16] the Minister said, “From its inception in September 2020 until February 2022, direct payment of the SUB was […]]]> https://coronavirus.bernews.com/ministry-acknowledges-auditors-assessment/ Tue, 16 Nov 2021 00:49:19 +0000 http://coronavirus.bernews.com/?p=24779 The Ministry of Finance said they acknowledge the Auditor General’s assessment of the Covid unemployment benefit programme and said they will incorporate the “recommendations into our approach where a gap has been identified.” A Government spokesperson said, “The Ministry of Finance acknowledges the Auditor General’s assessment of the unemployment benefit programme. “As noted in our […]]]> https://coronavirus.bernews.com/auditor-general-report-unemployment-benefit/ Fri, 12 Nov 2021 21:22:47 +0000 http://coronavirus.bernews.com/?p=24768 Today [Nov 12], the Auditor General tabled her second public interest report on the Unemployment Benefit Administration programme to “support Parliament in its examination of the Government of Bermuda’s ongoing response to the coronavirus.” A spokesperson said, “ Between April 2020 and April 2021, the Government paid out $61,335,000 through the Unemployment Benefit programme [UEB]. […]]]> https://coronavirus.bernews.com/premier-bedc-will-continue-to-provide-support/ Fri, 16 Jul 2021 13:30:38 +0000 http://coronavirus.bernews.com/?p=23277 “The BEDC will continue to provide Covid-19 Funding Support until March 31st, 2022,” Premier David Burt said, adding that “it is anticipated that at least a further $3 to $4 million in financial support will be deployed by the end of this fiscal year.” Speaking in the House of Assembly today [July 16] the Premier provided […]]]> https://coronavirus.bernews.com/minister-3-5-million-paid-over-amount-eligible/ Fri, 02 Jul 2021 22:00:00 +0000 http://coronavirus.bernews.com/?p=23155 Approximately 2,500 people received benefits in excess of the amount they were eligible for in the Unemployment Benefit programme which amounted to approximately $3.5 million, Minister of Finance Curtis Dickinson said, adding that to date, 300 people have refunded the government approximately $500,000. While answering questions in the House of Assembly today, Minister Dickinson said, “Approximately […]]]> https://coronavirus.bernews.com/current-emergency-grant-funding-to-end/ Thu, 17 Jun 2021 20:00:31 +0000 http://coronavirus.bernews.com/?p=22938 After launching in April, the current phase of the BEDC Covid-19 Emergency Grant Funding will end on June 20th, and the last applications to be considered for support of business impacted during the public health restrictions must be submitted by 11:59 pm on June 19th. A spokesperson said, “The current phase of the BEDC Covid-19 Emergency […]]]> https://coronavirus.bernews.com/unemployment-benefits-payments-update/ Fri, 21 May 2021 14:00:33 +0000 http://coronavirus.bernews.com/?p=22559 The Ministry of Finance advised that “all persons who have met the required criteria for eligibility for unemployment benefits payments and provided the required documentation have been processed for payment.” A Government spokesperson said, “It should be noted that there are still over 500 applications whose employers have not verified their applications. Also, there are still […]]]> https://coronavirus.bernews.com/minister-update-on-unemployment-benefits/ Thu, 20 May 2021 00:00:28 +0000 http://coronavirus.bernews.com/?p=22539 “From December of 2020 through May 17, 2021, approximately 4,400 applications for unemployment benefit support have been approved by the Government of Bermuda, and over 4,100 individuals have received benefits totalling $5.1 million,” Minister of Finance Curtis Dickinson as he provided an update on the Unemployment Benefit programme. The Minister said, “Subject to receipt of […]]]> https://coronavirus.bernews.com/3-month-extension-of-closed-job-categories/ Thu, 29 Apr 2021 20:55:54 +0000 http://coronavirus.bernews.com/?p=22047 Citing the impact of the pandemic on employment, the Department of Immigration advised that the moratorium on new work permits for closed categories has been extended for an additional three months until July 31st. A Government spokesperson said, “The Ministry of Labour seeks to inform the public of the three month extension of the closed […]]]>