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The One Bermuda Alliance has called for more support for Bermuda’s farmers and fishermen and for funding for school repairs or renewable energy schemes which would make Bermuda more self-sufficient and create jobs. Cole Simons, the Leader of the Opp...

Bermuda faces a “fiscal cliff” if its debt-to-revenue ratio, currently at 340 per cent, continues to rise. An adverse but “far from inconceivable” scenario would see Government debt on an unsustainable trajectory, leading to a credit rating downgrade...

Dear Sir, After reading The Royal Gazette yesterday (January 4, 2021), I believe that Bermudians should be told why the Department of Child and Family Services is moving from offices paying $300,000 per year into offices that will cost $800,000 per y...

The Bermuda Government’s new $1.35 billion of debt bonds have been admitted for listing on the Bermuda Stock Exchange. The debt is split evenly between ten-year and 30-year maturity senior notes. There is $382,105,000 of 2.375 per cent 144A senior no...

Grim figures on the impact of the Covid-19 pandemic were revealed last night by the Minister of Finance. Curtis Dickinson said the island’s total debt had gone up by about $520 million as a result of the double whammy of a plunge in revenues and pand...

The Bermuda Government has reportedly priced a $1.35 billion bond issuance that will be used to refinance existing debt at more favourable interest rates, and to meet future borrowing needs. The bonds are evenly split between 10-year and 30-year matu...

The Bermuda Government is buying back up to $500 million of its bonds from investors and selling new debt. The move is part of the Government’s plan to restructure existing debt, with the aim of securing more favourable interest rates, and issuing ne...

Legislation to raise the debt ceiling by $600 million to $3.5 billion was approved by senators this morning. Independent senator James Jardine said of the Government Loans Amendment (No 2) Act: “I understand the need to provide for that based on the ...

Legislation was passed by MPs on Friday to raise the debt ceiling by $600 million to $3.5 billion. Curtis Dickinson, the Minister of Finance, said he “reluctantly” increased the limit earlier to cover costs related to the Covid-19 pandemic. He told a...

The Government is to raise the debt ceiling by $600 million to $3.5 billion. Curtis Dickinson, the finance minister, tabled an amendment to the Government Loans Act 1978 to raise the statutory borrowing limit in the House of Assembly yesterday. He ad...

The Bermuda Government has executed short-term loan facilities with local banks that will allow it to draw up to $170 million in funds to help cope with the Covid-19 crisis. Curtis Dickinson, the Minister of Finance, also told MPs in the House of Ass...

A disaster relief recovery bond could help the Bermuda Government meet some of the extra borrowing needs it faces as a result of the Covid-19 crisis. Some are floating the idea as a way to also get the community involved in supporting the economic re...