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The clock is ticking as the Government seeks to refinance a billion dollars of Bermuda’s debt over the next two years — with half a billion maturing in the upcoming fiscal year, and a $140-million note due this year. The Federal Reserve Board has rai...

Concerns over rising interest rates hitting almost $500 million of Bermuda debt refinancing over the next ten months have been admitted by the Government. Arianna Hodgson, the Junior Minister of Finance, made the comments when responding in the Upper...

In the final part of this series, we return to where we began with the Premier and his austerity budget. Austerity budgets and economic recoveries are contradictions in terms — budgets that rely solely on spending cuts to reduce deficits are not cond...

The Government said today that Bermuda’s trade with non-residents resulted in a $164 million surplus for the third quarter of 2021, decreasing $16 million from a year ago. In making this announcement, Jason Hayward, the Minister of Economy and Labour...

Typically, opinions about the upcoming Budget given in the days and hours before it is delivered are exercises in futility. The Budget is usually already written and should be coming back from the printers by the time most of these viewpoints are de...

The Government needs to stimulate economic growth with a focus on international business and tourism to avoid a debt crisis, analysts have warned. But investment managers Anchor Investment Management say in their most recent message to clients that t...

A Bermudian-based re/insurer has played a prominent role in the world’s largest debt-for-nature restructuring project focusing on marine conservation. Sovereign Risk Insurance Limited, a Chubb company, which is based on the island, and Chubb Global M...

Higher than expected Government revenues this year have been overtaken by pandemic-related expenses, the House of Assembly heard yesterday. Curtis Dickinson, the Minister of Finance, told the House that estimated revenues for the year would be $8 mil...

A crackdown on gang violence is needed to shake Bermuda out of its acceptance of gun crime, the Leader of the Opposition said yesterday. Cole Simons demanded a tougher response from David Burt, the Premier, in the aftermath of a string of shootings t...

A $43.3 million deficit was recorded by the Government in the first half of the financial year, the finance minister revealed yesterday. Curtis Dickinson told MPs that the “all inclusive” deficit, which included capital spending and debt service...

Private sector partners could be signed up to help pay for major government projects outlined in the Throne Speech, the finance minister has said. Curtis Dickinson added it was part of his job to help develop creative ways to fund the Government. He ...

Bermuda is on a “glide path” to a small budget surplus by 2023-24, the finance minister said yesterday. Curtis Dickinson added the country’s last round of borrowing was calculated to last until that financial year. Mr Dickinson said: “We have borrowe...