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The Budget crafted by Premier and Finance Minister Paula Cox is a “bridge to nowhere”, according to the One Bermuda Alliance. The financial plan will not put Bermuda back on the path to economic recovery or generate significant amount of jobs and it ...

The skies and seas were eyed as potential sources of revenue in Government’s latest Budget Statement. Charging a user fee for Bermuda’s commercial airspace could take in $18 million annually in just five years’ time, Premier Paula Cox told the House ...

With an estimated $191 million allocated for the coming fiscal year, the Ministry of Health has netted the biggest share of Government’s projected expenditure. The biggest slice of that - $142.6 million - has been set aside for hospitals, where servi...

Prior to the Budget, we asked for people to take part in a Readers’ Forum to give us a range of reaction from members of the community on what they thought of its contents. Here is that reaction: Danny Matthews wrote: “So much one can say but so lit...

Government hopes to rake in $7 million in the next financial year by rolling back two tax breaks for seniors. Premier Paula Cox announced in her Budget statement yesterday that property owners aged 65 and older will have to pay land tax if their home...

A $108.9 million budget to maintain law and order in the coming fiscal year has been allocated to the Ministry of National Security. Premier Paula Cox said: “Government’s commitment to the safety and security of Bermuda will not be compromised.” She ...

The international business community commended Government for keeping payroll tax levels unchanged but cautioned that the country needed to grow the sector and pay down its debt. “We believe there is an urgent need to formulate and execute substantiv...

Funding has been cut for two of the Island’s promotional groups on the front lines of attracting international business to Bermuda. Announced in the Government’s Budget statement yesterday, the Insurance Development Council (IDC) had close to 30 perc...

Senators and MPs alike improved their attendance rates at the Senate in the last budget year, but showed no improvement when it came to the House of Assembly. Figures in the Budget statement issued by Premier Paula Cox showed Government Senators had ...

Sandys 360 received a –$2 million boost in the 2012/13 Budget. The announcement that the charity would receive the capital grant was made in the House of Assembly by Premier Paula Cox. Sandys 360 reflects important community values and the grant woul...