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The Bermuda Government has negotiated a $135 million loan agreement with Butterfield Bank, David Burt announced today. The Premier said the loan, which will cover the 2017-18 fiscal year and a portion of the 2018-19 year, was called for under the One...

Wayne Furbert remains tight-lipped over the shake-up that led to him being named the new Junior Minister of Finance last week. Members of the Opposition, however, have been vocal in criticising the move. A media release on Sunday evening advised th...

Bermuda has become the first overseas territory to be awarded whitelist status by France. David Burt, the Premier, told MPs the development underlined the Ministry of Finance’s efforts to support international co-operation on tax matters and financia...

Plans to bring the public up to date on the work of the Office of the Auditor-General are under way, according to a statement. Heather Thomas, who was named Auditor-General last year, said the office was working on producing a series of audit reports...

Finance minister Bob Richards has defended budget cuts to Bermuda Hospitals Board operations as a one-off that will not impact clinical services. It comes after BHB bosses appeared before the Public Accounts Committee on Thursday and warned that the...

Growing pressures on an unsustainable healthcare system have caused serious financial difficulties for the Bermuda Hospitals Board, the Public Accounts Committee has heard. BHB bosses appeared before the PAC to explain the increasing financial challe...

The Bermuda Government spending on foreign consultants has fallen steadily since the One Bermuda Alliance came to power but the amount could be on the increase this year. More than $7.3 million is expected to be paid from the public purse to overseas...

Opposition Senate leader Renee Ming has raised concerns about the lack of funding going towards support groups for women. Ms Ming voiced fears that there was no funding going towards the Women’s Resource Centre and the Physical Abuse Centre as senato...

The 2017-18 Budget was approved by the Senate on Friday evening after more than 20 hours of debate on the estimates of expenditure for 25 government ministries. During the motion to adjourn, several senators spoke about the importance of the process ...

The estimates of revenue and expenditure in the 2017/18 budget were approved by MPs in the House of Assembly last night. The passing of the Appropriation Act 2017 signalled the end of over three weeks of debate during which Parliamentarians have lock...

The annual accounts of the Consolidated Fund of the Bermuda Government for 2015-16 have been given an unqualified audit opinion. Finance minister Bob Richards welcomed the news, which he pointed out was the Consolidated Fund’s fourth consecutive clea...

Progressive Labour Party Whip Lovitta Foggo took aim at the Bermuda Government’s education budget yesterday, branding parts of it “woefully inadequate”. It came as Cole Simons, the freshly appointed minister, told MPs that $126.991 million had been a...