The Premier last night admitted that Bermuda’s crumbling infrastructure was “not in keeping with ... an important international finance centre” as he revealed capital spending in today’s Budget will be the highest in 13 years.

David Burt, who is also the finance minister, is expected to address the lack of capacity or the equipment “to pave our roads or clear seaweed off our beaches”, which he said was “not in keeping with an island that has become an important international financial centre and aspires to have an even greater impact in the future”.

A government spokeswoman said: “It is expected the 2023-24 Budget will allocate the highest budgeted capital spending in 13 years, funding upgrades to Bermuda’s courts, investment in IT systems, additional affordable housing and advancing other delayed projects.”

Mr Burt’s Progressive Labour Party government has been in power for eight of the past 13 years.

According to Mr Burt, the lack of maintenance was “causing the Government to spend excess funds on repair costs while the delay in replacing infrastructure increases the risk of catastrophic failure”.

Mr Burt is to deliver his Budget speech at 10am today.