The Ministry of Finance has reported the first half fiscal performance for 2019-20.

Among the highlights are:

• Total revenues of $545.4 million, which is up $7.9 million compared to the first half of the fiscal year 2018-19.

• Total expenditure of $552.9 million, down $31.4 million compared to the first half of the fiscal year 2018-19.

• Interest expense of $58.3 million, down $3.4 million compared to the first half of the fiscal year 2018-19.

• Deficit of $7.6 million, down $39.2 million compared to the first half of the fiscal year 2018-19.

The fiscal year will end on March 31, and the Bermuda Government has a revenue target of $1.12 billion, an expenditure target of $1.05 billion — which includes debt service, and a projected surplus target of $7.4 million.

An in depth story on today’s data will follow.

• Click on Related Media to read the full details released by the Government, in a PDF, along with two supplementary PDF tables