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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...

Bermuda’s economy was grossly flawed before the Covid-19 pandemic and, one year later, still reeling with the continued deadly toll that this disease has had to life and work, we are nothing short of broke. The Government cannot sustain further borr...

The finance minister today welcomed a “stamp of approval” from leading credit ratings agency Standard & Poor’s after it affirmed Bermuda’s sovereign debt ratings. Curtis Dickinson said the decision by S&P reflected government’s handling of the Covid-...

Ratings agency Standard & Poors has reaffirmed Bermuda’s A+ sovereign credit and long and short term debt ratings, the finance minister announced last night. The reaffirmation of Bermuda's A+ long-term sovereign credit and senior unsecured debt rati...

A company awarded a multimillion-dollar government contract to claw back land tax arrears does not have a debt collection licence, The Royal Gazette has confirmed. A new law, which came into force at the start of last year, ruled that anyone “pursui...

The Government has hired a company which appears not to have a debt collection licence to manage the recovery of millions of dollars of unpaid land tax. OARRS Inc Limited will be paid 15 per cent of “all land tax arrears recovered” according to a no...

Dear Sir, Like many Bermudians, I am very concerned about the growing size of our national debt, for which taxpayers are on the hook — both present and future generations. In today’s daily (March 2, 2021), there is a lot of press given to the finance...

Government’s net debt has risen to $3 billion, the finance minister revealed yesterday. But Curtis Dickinson said the landmark figure could have been higher had Government not put the brakes on spending after the Covid-19 pandemic struck. Mr Dickinso...

The finance minister today signalled that a special fund created as the Government’s piggy bank would be used to cover a Budget deficit. Curtis Dickinson, the finance minister, said the Government expected to be short by $124.5 million in the 2021/22...

Curtis Dickinson, the Minister of Finance, faces his greatest challenge yet when he delivers his third Budget today. It was not supposed to be this way. Twelve months ago, Mr Dickinson laid out a plan to bring Bermuda's runaway budget deficits under ...