Log In

One of the consequences of economic growth for the Cayman Islands has been increasingly healthy public finances. The result of large surpluses, year after year, can be seen in the territory’s debt, which peaked at CI$613.4 million ($736.1 million) in...

Curtis Dickinson has welcomed the affirmation of Bermuda’s A+ credit rating by Standard & Poor’s. Speaking in the House of Assembly on Friday, the finance minister said last month’s report was an “objective endorsement of our fiscal and economic poli...

There is at least a one-in-three chance that Bermuda’s credit ratings could be raised a notch within the next year. That is according to Standard & Poor’s, which has affirmed the island’s A+ ratings, with an outlook that remains positive. The current...

Government is exploring how Bermuda can issue bonds on a global basis utilising blockchain technology, the Premier has said. In a tweet, David Burt said he met with Radoslav Albrecht, chief executive officer and founder of German fintech company Bitb...

Bermuda’s debt ceiling will be raised by $250 million after Curtis Dickinson, the Minister of Finance, tabled legislation allowing the Government to pay lenders over the failing Caroline Bay development. The Government Loans Amendment Act increases B...

An interactive wellness programme for government employees will be launched next month in an effort to tackle the $12.8 million cost of public sector sick leave. Workers were urged to take on the team-based challenge as part of a Throne Speech pledge...

Dear Sir, The letter from Beverley Connell on the subject of political bickering and financial extravagance in government media communications published by you on April 26 was right on target. How on earth does a government gainfully employ 30 emplo...

The Bermuda Government is to suspend payments into the sinking fund, a home for money set aside to pay down long-term debt. In his maiden Budget Statement yesterday, Curtis Dickinson, the Minister of Finance, said it did not make financial sense to b...

Dear Sir, The Government recently released its 2018 Digest of Statistics Report, providing an annual summary of various socioeconomic statistics covering the period 2007 to 2017. It is a lengthy document and is well worth a read for those who have th...

In the third of a five-part series examining the impact of the ageing of Bermuda’s population, we look at government finances. Bermuda’s burgeoning national debt is the millstone that impacts not just today’s generation of taxpayers, but will also af...

The Fiscal Responsibility Panel report reviewed the evolution of the all-important debt/revenue ratio under different scenarios — and also included a projection based on the recommendations of the Tax Reform Commission being implemented by Government...

An increase in taxes is far more likely to be in our future than meaningful cuts to government expenditures, with the exception of government’s intention to trim expenses by identifying more efficient ways of delivering on its obligations. The island...