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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...

It has been five years now since the first great depression of the 21st Century, brought on by the internal contradictions of neoliberalism, and now we have the first OBA Budget. Crises represent both opportunities and dangers. The OBA Budget is simi...

The Accountant General’s office is underperforming, according to latest budget estimates from the Ministry of Finance. Key performance measures, such as the timely provision of financial reports, were not met by the department responsible for ensurin...

A new statutory debt ceiling of $2.5 billion should not be taken as an indication that borrowing under the new Government will increase by another $1 billion, Finance Minister Bob Richards insists. Mr Richards told the House of Assembly that the new ...

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...

Education has been spared budget cuts, with $145 million set aside for the year ahead. Bermuda Union of Teachers head Mike Charles gave this year’s Budget a passing grade. “We need all we can get,” Mr Charles told The Royal Gazette. The figures alloc...