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The Government will have to pay almost $130 million in interest on its debt in the new financial year, MPs have heard. David Burt, the Premier and Minister of Finance, said: “Of this estimate, $127.2 million represents ongoing debt service costs, whi...

Bermuda’s independent watchdog against financial crime continues to fight money laundering and terrorist financing despite its “limited resources”. Kathy Lynn Simmons, the Attorney-General, said the Financial Intelligence Agency had been budgeted $1....

Dear Sir, What a difference a few weeks makes. One moment Bermudians are preparing to “breathe” a collective sigh of relief with real evidence of the pandemic subsiding, as the Government reveals plans for lifting associated Covid restrictions and ho...

Dear Sir, Being an ordinary “Joe” who is not an accountant, I find it incredible that we are now in debt to the tune of $3.19 billion. The usual excuse blaming Covid cannot be used this time. If my memory serves me correctly, when the Progressive Lab...

The Budget will put the Government on track for a current account surplus of $50 million by 2026, the Premier promised. Mr Burt, also the finance minister, said that Government had at first planned to limit current account expenditure for the next ye...

A balanced Budget has been pushed back a year to 2024-25, the Premier said last night. David Burt, who is now also the Minister of Finance, explained that the postponement was needed to let the Government implement its economic recovery plan and fund...

“Leaders who don’t listen will eventually be surrounded by people who have nothing to say” — Bill Carney The short answer is no one really knows. However, when an incident as spectacular as the finance minister of Bermuda quitting a mere week...

I remember many years ago Julian Hall referring to Lieutenant-Colonel David Burch’s actions as a “train wreck in slow motion”. The former premier Paula Cox, during her tenure as Minister of Finance, was plagued with the term “cog in the wheel”. I don...

Dear Sir, The headline in today’s edition (February 14, 2022) of The Royal Gazette says it all: “Shock as finance minister resigns”. I am deeply saddened by this announcement. In my opinion, Finance Minister Dickinson is an exceptional public serva...

Picture the attendant photograph for a minute. Taken at a Progressive Labour Party family fun day, it represented everything that was fresh, young and, let’s say, progressive, about a movement on the rise: the green machine. A tsunami that swept up e...