Premier and Minister of Finance David Burt has told the House of Assembly that early figures point to a budget surplus of $169.6 million for the 2025/26 fiscal year, offering what he described as an encouraging picture of the island's public finances.

Addressing fellow parliamentarians on Friday, the Premier said his statement was intended to keep both legislators and the wider community informed about the Government's preliminary financial performance. The projected surplus, if confirmed in final accounts, would mark a significant milestone in the administration's long-running effort to move Bermuda's budget into the black after years of deficits.

Mr Burt has repeatedly framed fiscal discipline as central to the Government's economic strategy, arguing that stronger public finances create room to reduce debt and invest in services that matter to Bermudian families. A surplus of this scale could also influence future decisions on taxation, infrastructure spending and support for cost-of-living relief.

The figures remain preliminary and subject to revision as the fiscal year progresses and audited accounts are completed. Opposition members and independent observers have previously urged caution around early projections, noting that revenue from international business and tourism can shift with global conditions. The Premier indicated that further updates will be brought to the House as more complete data becomes available, with the full-year outturn expected to be detailed in future budget statements.