Pre-Budget Report 2026-2027

The Pre-Budget Report plays a key role in shaping Bermuda’s annual budget by allowing the public to provide input before decisions are finalised. The proposals in the previous chapter are open for discussion, and no final decisions have been made. Public feedback has influenced past budgets, so we encourage everyone to participate in this important part of the budget process.

Commitment to Budget Transparency

The International Budget Partnership suggests governments release eight key reports throughout the budget cycle to ensure transparency. Bermuda is committed to this standard by publishing the following:

Pre-Budget Report: Released at least a month before the Budget Statement, giving the public time to review and provide input.

Budget Statement: The Government presents the Budget Statement each year, a tradition we will continue.

Citizens’ Budget: A simplified version of the budget to help residents understand the main points. A Citizens' Budget will accompany the 2026/27 Budget Statement.

Enacted Budget: This is the final budget passed by the legislature, fulfilling the requirements of the Bermuda Constitution.

In-Year Reports: Quarterly fiscal reports are provided to keep the public informed on financial performance.

Mid-Year Review: Issued halfway through the fiscal year to show progress and any budget adjustments.

Year-End Report: The Government publishes audited financial statements, with highlights shared in the House of Assembly.

Audit Report: The Auditor General publishes an independent audit report each year.

In line with international standards, the Government is committed to providing these reports throughout the next budget cycle and the 2026/27 fiscal year, reaffirming our commitment to transparency and good governance.

We Want Your Feedback

The Government values your feedback on this report. In addition to accepting comments online, public engagement sessions will be held in January 2026 to discuss the ideas presented and gather input from residents and stakeholders. To submit your comments, please add a comment below or email openbudget@gov.bm by January 16, 2026.