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The Government is to boost its capital spending to about $85 million, using revenue such as new cruise ship taxes, to revamp the island’s infrastructure in the 2020-21 fiscal year. Curtis Dickinson, the Minister of Finance, made the revelation after ...

An Opposition MP fears that the police budget could be cut by $4 million. Ben Smith, the Shadow Minister of National Security, asked yesterday if the island could afford to “slash” spending on law enforcement. He said: “I am greatly concerned by repo...

Customs duty breaks and other suggested lifelines for the island’s struggling retail sector seem to “fall on deaf ears”, a retail head said yesterday. Lorraine Shailer, cochairwoman of the Bermuda Chamber of Commerce’s retail division, said the Minis...

Curtis Dickinson’s pre-Budget report makes for depressing reading and shows the enormity of the task before the finance minister as he prepares to present his latest Budget in the next few weeks. At first glance, there might appear to be some green ...

The biggest threats to Bermuda are an ageing population combined with a decline in the workforce, the Government warned last night. A pre-Budget report said that the crisis had also led to underfunded public sector pension funds and an escalation in ...

American President Franklin D. Roosevelt famously said in the depths of the Great Depression that “we have nothing to fear but fear itself” — and this captures the economic quandary Bermuda is in as 2020 dawns. When businesses and individuals have c...

A vehicle emissions test firm has launched legal action against the Ministry of Tourism and Transport after their contract was axed at the start of the year. Bermuda Emissions Control Ltd filed a writ against the Minister of Tourism and Transport and...

A tender for outside help to help cut spending has been scrapped by the Government. Wayne Furbert, the Minister for the Cabinet Office, said that he had decided to cancel a request for proposal for spend analysis services. Mr Furbert added: “Althou...

The accountability process for government is “not functioning well”, says the independent auditor of public-sector financial statements. In the Auditor-General’s report for the financial year ended March 31, 2018, Heather Thomas said she was concerne...

The Transport Control Department is advising that testing facilities at both the Southside and Rockaway locations are closed today due to damage caused by Hurricane Humberto. The Department apologises for any inconvenience this may cause its customer...

First-quarter fiscal performance figures for 2019 were released by the Ministry of Finance yesterday. Revenues for the three months ending in June were $266.5 million, $6.4 million higher than in June 2018. A ministry spokeswoman said that the prima...

Legislation to suspend mandatory payments into the Sinking Fund was passed by senators last week without major opposition. The Government Loans Amendment Act 2019, along with the Electricity Amendment Act 2019 and the Bermuda Economic Development Cor...