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Government debt

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"SAGE chair: ‘Difficult choices’ to be made on Govt pensions"

Difficult choices may have to be made about the future of Government pensions, according to SAGE Commission chair Brian Duperreault. During a public meeting held this week at Penno’s Wharf, St George’s, to seek public input in reducing Government spe...
May 31, 2013
Editorials

"Engaging the public is a good start for SAGE"

The SAGE Commission has been very wise — it is involving the people of Bermuda in coming up with ideas to improve government efficiency. If you want to get buy-in, one of the best ways is to get people actively involved in a project. The key, of cour...
Apr 24, 2013
Editorials

"SAGE offers a fresh perspective"

One of Bermuda’s great resources is the dynamism and financial savvy of our international businesspeople and many local entrepreneurs. Too often though, their skills and expertise bypass the public sector, primarily because these enterprising people ...
Apr 10, 2013
Other

"House raises debt ceiling as Govt coffers run dry"

Government last night rushed through legislation allowing it to borrow an additional $1 billion — saying it needed to act quickly before it ran out of funds. The Government Loans Amendment Act 2013 was approved by a majority vote in the House of Asse...
Mar 05, 2013
Letters to the Editor

"Time to get back to fiscal prudence"

February 10, 2013– Dear Sir, The Auditor General gave the past PLP government a qualified audit for the last year. This is the fourth year in a row the AG has not been able to make head or tail out of the financial dealings of Government. When are w...
Feb 12, 2013
Other

"Auditor General critical of Govt accounts"

Auditor General Heather Jacobs Matthews this evening said Government failed to adhere to international practice by producing late and incomplete 2011/12 financial statements. For the fourth successive year, the Auditor gave a qualified opinion on the...
Feb 08, 2013
Letters to the Editor

"Painful but necessary move"

January 12, 2013 Dear Sir, When the PLP won power to govern Bermuda in 1998 there were approximately 5,000 Government workers; blue, white and quango employees of the people. When the PLP lost power in 2012 there were approximately 8,000 Government w...
Jan 15, 2013
Letters to the Editor

"Six ways to cut our debt"

December 18, 2012 Dear Sir, To: The new Government; Reducing our debt. A major challenge facing Bermuda is how to reduce the massive debt we now have. I have a few suggestions which may be worth considering by the Government and our elected represent...
Dec 27, 2012
Opinion Writer

How serious is Bermuda’s public debt?

This week, Nathan answers the questions we put to him about Bermuda’s fiscal situation and what can be done to improve it. Just how serious is Bermuda’s public debt? A major tipping point in regards to future solvency occurs when the average intere...
Dec 05, 2012
Politics

"The challenge of repairing public finances"

The issue of how to reverse the rapid deterioration of public finances is politically touchy. Neither public spending cuts, nor increasing government revenues will be popular and so if the parties have any plans for either, specifics and numbers have...
Nov 29, 2012
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