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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...

Whichever party wins the general election next month, political victory will come with the heavy responsibility for huge public debt and the need for unpopular decisions on government spending and revenue. By the end of the fiscal year in March next ...

It is said they often don’t do it fast enough, or in language firm enough, but in the drill-down the ratings agencies tell it like it is. Last week, Fitch Ratings made it unanimous with Standard & Poor’s and Moody’s: Bermuda goes down one notch in it...

The sale of bonds hailed as a success by Government may not be the good news the PLP are claiming, according to Shadow Minister Bob Richards. Speaking in the House of Assembly on Friday at the Motion to Adjourn, the One Bermuda Alliance MP said that ...

Although Government finances are more complex than household finances, the basic principles are the same: l If you find yourself running out of money before the next pay cheque, or can't afford to pay the rent or the groceries, you have to cut your s...

Government is leading Bermuda into a deep financial hole that it will take decades to get out of, said Shadow Finance Minister Bob Richards in response to the Island’s credit rating downgrade by Fitch. At a press conference staged yesterday by the op...