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Bermuda Budget

Opinion Writer

"‘Bermuda credit rating cut imminent’"

After reading through the Budget release and attending the Bermuda Chamber of Commerce’s Budget Breakfast it is my opinion that Bermuda’s economic challenges are both enormous and wide ranging. In which case balancing the Budget will be a significant...
Feb 27, 2013
Local Business

"Frank and sobering views aired at Budget Breakfast"

The Government’s Budget was a triumph of economics over politics, substance over rhetoric and medium-term thinking over short-term thinking yet some very difficult decisions still lay ahead for Bermuda. This was the view of economist Craig Simmons at...
Feb 26, 2013
Letters to the Editor

"Debt ceiling increase astonishing"

– February 23, 2013 Dear Sir, Astonished and perplexed! That’s how I felt when I heard the specifics about the Budget plans released by the government yesterday. I’m 100 percent sure that I was not the only who shared those feelings about the Budg...
Feb 26, 2013
Editorials

"Magic, no. Pragmatism, yes."

Is it anti-climax or were expectations too high? There is a sense of ‘what was missing’ when Finance Minister ET (Bob) Richards read the Budget yesterday. But in the cold light of day, what else was to be expected? The focus was on the debt, jobs and...
Feb 23, 2013
Politics

"2013 Budget Speech in full"

Mr. Speaker and Honourable Members of the House of Assembly, On the occasion of my first Budget Statement as Minister of Finance, it is clear that Bermuda faces a daunting economic challenge in the months and years ahead. The Island is experiencing i...
Feb 23, 2013
Other

"Banks must feel the pain too, say union bosses"

Trade unionists were reserved but sceptical in their reaction to the concept of “shared sacrifices” in the One Bermuda Alliance Government’s new fiscal plan for the year ahead. Executives at the Bermuda Public Services Union (BPSU) and the Bermuda In...
Feb 23, 2013
Other

"A Budget that presents the true picture of public finances"

A panel of economic experts gave us their views on yesterday’s Budget. Nathan Kowalski, CFO Anchor Investment Management There are five themes that one could highlight from the Budget release: 1. There was a pervasive call for “unity” and “shared s...
Feb 23, 2013
Other

"Police allocated an extra $2.3m to boost officer numbers"

The Ministry of Public Safety will receive a one percent increase in its annual budget as it faces the challenge of increasing the number of police officers and enacting necessary security measures to reduce gun violence. The largest chunk of the Min...
Feb 23, 2013
Other

"Tax breaks for employers at centre of job creation drive"

Creating an economic environment in which entrepreneurs can thrive and job creation blossoms is key to driving the economy forward, according to Government. And yesterday Finance Minister Bob Richards unveiled a number of measures including tax break...
Feb 23, 2013
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