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Bermuda should expect a deficit of more than $30 million in the next financial year, an economist has warned. Finance minister Curtis Dickinson announced in last Friday’s Budget Statement that the Government planned to spend $19.8 million more than i...

Curtis Dickinson was pressed on topics ranging from burgeoning government debt to immigration policy, as he spoke about his Budget before a business audience yesterday. The finance minister, speaking on a panel at the Chamber of Commerce Budget Break...

It is not the job of the Bermuda Government “to step in and bail out retail”, the Minister of Finance said yesterday. Curtis Dickinson was speaking during the annual Budget Breakfast panel discussion hosted by the Bermuda Chamber of Commerce. He adde...

Immigration reform could be back on the agenda within weeks, the finance minister said yesterday. Curtis Dickinson said concerns related to the thorny issue had been “front and centre” for Wayne Caines, the Minister of National Security. However, he ...

The Government’s multimillion payout on the stalled Caroline Bay development at Morgan’s Point was highlighted in last Friday’s Budget speech. Curtis Dickinson said that $182.4 million had been borrowed to date. However, Mr Dickinson insisted that th...

A million-dollar plan to boost economic projects in the North East Hamilton area must have a high level of accountability, a former Progressive Labour Party minister said yesterday. Dale Butler added that a $1 million grant to the Bermuda Economic De...

A mobile app to allow the public to compare grocery prices in different shops is to be developed, the finance minister said in the Budget speech. Curtis Dickinson said that the Government understood that food prices were a major factor in the cost o...

Curtis Dickinson cannot have upset too many people with his Budget yesterday, given that most of us are concerned mainly with how any changes will affect our own immediate financial wellbeing. That may well have been the political aim of the exercis...

Police are to get their smallest budget for nine years after a $4 million cut yesterday. Figures released as part of the Budget Statement showed that the amount allocated to the island’s law enforcers for 2020-21 was $61.8 million. The original and r...

Legislation for the management of the fortunes of the super-rich was signalled in the Budget. Curtis Dickinson, the Minister of Finance, said the island aimed to court “ultra-high-net-worth individuals who require a different wealth-management model ...

The Bermuda Chamber of Commerce said the proposal to flip the 60:40 rule that guaranteed majority Bermudian ownership of companies to 40:60 “requires more examination”. Curtis Dickinson, the Minister of Finance, said in his Budget speech yesterday th...

A co-operative fishery was pledged $1.5 million towards its setting up costs. The cash — spread over two years — will be used to create a fishing industry base at Southside, St David’s. The project, to be managed by the Bermuda Economic Development C...