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Families campaigner Martha Dismont called on Government to empower the community after seeing many charities miss out on Budget funding. Sandys 360 was awarded $2 million in last Friday’s Budget to help pay for refurbishments, after Premier and Finan...

Proposed licencing for foreign fishing vessels stands in complete conflict with plans to preserve the ocean around Bermuda, according to Shadow Environment Minister Michael Fahy. In a statement issued over the weekend, the OBA Senator said he was ala...

The Ministry of Youth, Families and Sports walked away the biggest winner from the 2012/13 Budget, up more than 20 percent. From last year's $62 million, expenditure for this Ministry is estimated at $75.3 million for the coming fiscal year driven la...

An 11 percent increase in the budget for the Environment, Planning and Infrastructure Ministry will help “bring order” to the telecommunications industry with the implementation of long-awaited reform, Minister Marc Bean said. He acknowledged that th...

The recession in Bermuda will last a fourth straight year through 2012, according to Government estimates of Gross Domestic Product (GDP). The National Economic Report of 2011, released yesterday, estimated Bermuda’s GDP would “decline in the region ...

The 2012 Budget offers a significant tax break for homeowners who want to refinance their loans to get a better rate. Hoping to promote competition among the banks, Government said it removed the stamp duty rate of 0.1 percent for borrowers switching...

The Tourism Ministry purse took a five percent hit in the 2012/13 Budget. The Ministry’s total budget was reduced from $30.245 million in 2011/12 to $28.7 million, a cut of around $1.5 million. The bulk of the budget cut will hit Advertising & Promot...

Financial Assistance was given a boost in yesterday’s Budget, but the Mirrors programme suffered another heavy cut. And the Sandys 360 programme received a $2 million grant to offset its construction costs. According to the 2012/13 Budget, funding ...

Job creation and training are key priorities as Government bids to revitalise the economy, Premier Paula Cox said yesterday. The Premier and Economy Minister Patrice Minors both gave updates on a number of job-creating programmes and hinted at more t...

Education Minister Dame Jennifer Smith hinted more preschools could switch locations as she aims to save cash without shedding jobs. The Education Ministry received a budget of $134 million for 2012/13, up by five percent on the $128 million it was i...