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A programme of cuts in public spending of more than $70 million was yesterday announced by Finance Minister Bob Richards. And he signalled further expenditure cuts of 15 percent over the next three years — but said that there would be no public servi...

The number of jobs in Bermuda fell by 921 last year, preliminary data from a survey of businesses shows. But the Ministry of Finance is projecting that Bermuda’s economy is likely to emerge from a five-year recession in the second half of this year w...

Our Government has been hurtling along the road to fiscal ruin for the past few years. Finance Minister Bob Richards’ job yesterday was turn onto a more sustainable route, without driving the fragile economy into the ditch. Only time will tell if he ...

The Civil Service must be cut after the coming fiscal year, Finance Minister Bob Richards warned as he outlined the advantages of mutualisation or privatisation. Staff lay-offs will be inevitable unless “non-core functions” are outsourced after 2014/...

Soaring healthcare costs threaten to bankrupt Government unless the One Bermuda Alliance can put the brakes on “a runaway fast car”, Finance Minister Bob Richards said today. The Minister warned an ageing population is putting increasing demands on h...