Shadow Finance Minister Bob Richards has accused Government of having “no clue” what it was doing or attempting to mislead the public over its estimates for the current account for the fiscal year 2009/10.Mr Richards said that the current account deficit of $53.5 million was so far out compared to the actual deficit of $259 million it was “astonishing”.And he added that the overall deficit of $365 million was “unprecedented” in the annals of Bermudian finance.“To be that far off indicates that either somebody just doesn't know what they are doing or there was some attempt to mislead the public,” he said.Mr Richards said that Government's actual net debt to GDP ratios comparison to similarly rated advanced industrial countries was alikening apples to oranges, with none of those countries having one industry earning foreign exchange, which put Bermuda's risk profile in a completely different category.“Our risks are much higher than those countries,” he said.“Debt to GDP is a measure of leverage and solvency and risk.“But this comparison doesn't tell the whole story. These reflections of debt to GDP ratio are nonsense.”Mr Richards described Government's finances as being “in tatters” and that worse was to come.He said that its estimates of a $67 million surplus for 2010/11 were also skewed given the previous year's $259 million deficit and even if it did collect all of its tax that figures would still be wide of the mark, in addition to worse economic indicators for the period than in past years.“We are in serious trouble here and Government doesn't appear to have a realistic handle on its finances.”