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Government spending figures for the fiscal year ahead show a $7.3 million drop, reflecting the shift of the Department of Civil Aviation into a quango. The move had been announced last month by Shawn Crockwell, the Minister of Tourism Development and...

Bob Richards yesterday spelt out the danger to the country of failing to tackle the Government’s debt mountain, while announcing an annual budget that will add to it. The finance minister said the debt burden “undermines our ability to support the ne...

David Burt, the Shadow Minister of Finance, has warned that local businesses will end up closing as a result of the tax increases contained in the Budget. Speaking shortly after the conclusion of the 2016-17 Budget statement by Bob Richards, the Mini...

It’s Budget time. Brace yourselves, people. But while you do, spare a thought for our seniors. It will be revealing to see whether they will merit a line or two in today’s Budget Statement. They ought to; maybe even a paragraph or two. They have iss...

The island is likely to face a hike in taxes when Bob Richards, the Minister of Finance, presents the 2016/17 Budget this morning in the House of Assembly. That assessment has come from observers ranging from Kendaree Burgess, the executive director ...

Bermuda’s business community believes that tackling the island’s debt mountain was key to revitalising the economy. Chamber of Commerce president John Wight said: “Government has a very challenging job to narrow the 2016-17 year deficit in order to m...

An increase in tax revenue to help tackle the national debt could be included in the upcoming Budget, according to economist and lecturer Craig Simmons. While Mr Simmons said that the island’s economic recovery does appear to be gaining momentum in s...

Bermuda’s business community today said that tackling the island’s debt mountain was key to revitalising the economy. Chamber of Commerce president John Wight said: “Government has a very challenging job to narrow the 2016-17 year deficit in order to...

Business leaders will get an opportunity to learn more about the government’s Budget for the coming year at the Bermuda Chamber of Commerce’s annual Budget Breakfast on Monday. Bob Richards, the finance minister, will be at the event to talk about th...

Hoteliers have called on the Bermuda Government to increase funding for the Bermuda Tourism Authority in the 2016-17 Budget. Managers at three hotels concurred with BTA chief executive Bill Hanbury, who said in The Royal Gazette yesterday that an in...

The Bermuda Tourism Authority has urged the Bermuda Government to boost its funding in the upcoming Budget. Bill Hanbury, the chief executive of the Bermuda Tourism Authority, told The Royal Gazette that an increased budget figure was vital and woul...

Bermuda Government revenues for last year have been higher than anticipated and spending lower, according to a report released today. The Ministry of Finance Report stated that during the nine months ending December 2015, the Government earned $685.8...