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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...

Government is seeking private partners to help fund a major redevelopment of the Causeway and airport. Finance Minister Bob Richards unveiled the news during his Budget statement this morning. Describing the plan as “the most strategically important,...

Bermuda’s banks are a drag on the Island’s recovery from recession, Finance Minister Bob Richards said today. And he said the sector’s get-tough policy on lending and tiny deposit interest rates were “at odds with Bermuda’s national interests” — and ...

Shadow Finance Minister David Burt is calling on Government to “bring forward sensible and balanced proposals” in its second Budget tomorrow. Mr Burt also cautioned Finance Minister Bob Richards not to “give into the demands” of business bosses who h...

More than $100 million could be slashed from Government expenditure in Friday’s Budget, an economics expert said yesterday. Consultant Peter Everson predicts that Finance Minister Bob Richards will aim for larger cuts than those proposed by the SAGE ...

January 28, 2014 Dear Sir, The silence emanating from the Ministry of Finance as we get closer to Budget 2014 is deafening. As a loyal supporter of the OBA but, more importantly, the Anybody But The PLP Party, I sure hope those sounds of silence are ...