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Bermuda Budget

Politics

"I’ll find cash for Police - Security Minister"

National Security Minister Wayne Perinchief is urging people “not to panic” as he says he will reallocate additional funds to stop the police running out of money. Mr Perinchief today spoke out about “the budget stretch” explaining that an overspend ...
Aug 05, 2011
Politics

"Some civil servants baulked at the process"

Disbursement of funds The PAC says some checks and balances did function, noting that the Permanent Secretary for Works and Engineering refused a payment on the project as he had no knowledge of it, having been completely circumvented by the Ministry...
Jul 23, 2011
Politics

"Report finds BEC got money it was not properly due"

Operating agreement According to the report, BEC benefited financially due to the nature of its operating agreement. The operating contract called for BEC to be reimbursed for certain operating expenses such as rent, depreciation of equipment, proper...
Jul 23, 2011
Politics

"Financial oversight rules were eroded"

Oversight of –construction The report says prescribed checks and balances were eroded in the oversight of construction of the project. Financial Instructions state that all capital development projects, with the exception of minor works, must be the ...
Jul 23, 2011
Politics

"No evidence of a tendering process"

Bermuda’s Public Accounts Committee investigated all five segments of the Auditor General’s special report on the motor vehicle safety and emissions testing programme. Here are its paraphrased findings, with Ms Cox’s responses: VENDOR SELECTION In th...
Jul 23, 2011
Politics

"Premier could form special team to investigate TCD overspend"

Premier Paula Cox yesterday revealed she could set up a special team to investigate her predecessor Ewart Brown’s emissions testing programme which overspent by $10 million. Ms Cox is to meet Auditor General Heather Jacobs Matthews to discuss the pro...
Jul 23, 2011
Opinion Writer

"The deceptively deceitful allure of debt"

Debt is easy money. A lump sum payment, upfront cash, easy to justify, easy to spend. Trouble is, what you bought with it, is not yours, not until you pay the cash back. Personal debt is a personal burden. No matter the financial circumstances or th...
Jul 23, 2011
Letters to the Editor

"We can’t take much more"

June 23, 2011 Dear Sir, The PLP Government will continue to blame everybody else in the world for our financial problems except themselves and their unbelievable mismanagement of our finances. During the years preceding the crash, the PLP Government ...
Jun 30, 2011
Letters to the Editor

"Sunshine expenses seem high"

June 23, 2011 Dear Sir, With regard to the article in The Royal Gazette on Wednesday, June 22nd regarding the closure of Sunshine League due to lack of funds to keep operating, I have to admit that found it quite surprising that 18 people are being l...
Jun 30, 2011
Editorials

"Mature decision"

The members of the Bermuda Public Service Union deserve credit for agreeing to their new pay contract without taking industrial action. Instead, and using a secret ballot, the members voted for a small wage increase and, presuakbly, a modicum of job...
May 20, 2011
Letters to the Editor

"Who’s paying for raise?"

May 18, 2011 Dear Sir, Most of us are really pleased to still have a job, even at reduced hours and no pay increase for the last few years. The People’s employees in the Civil Service have just been awarded a 1.25 percent pay increase. Will the PLP G...
May 20, 2011
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