Just three months into Government’s fiscal year, the costs of servicing the enormous public debt have totted up to more than $840 per Bermudian man, woman and child. The figure is calculated by dividing Government’s total debt servicing costs equally over 12 months of the fiscal year and dividing again by the number of Bermudians identified in the last Census.

It shows the impact at a personal level of a small country carrying a public debt of more than $2 billion and the urgency which our leaders must show to keep this burden from spiralling out of control.