Bermuda to borrow $800 million to cover budget deficits
Jun 21, 2013
HAMILTON, Bermuda, CMC -- Finance Minister Bob Richards announced on Thursday that his One Bermuda Alliance (OBA) government is to borrow up to US$800 million to cover budget deficits for the next three years.
Richards told the media that borrowing for the medium term in the current low interest rate environment would save the taxpayer millions of dollars in financing costs.
"We judge that we are in the last phase of the ultra low US dollar interest rate cycle," Richards said.
You may also be interested in:
Stakeholders Engage in Consultations to Strengthen National Youth Policy
The Department of Youth Development and Sports, through its Youth Unit, has commenced a four-day series of half-day closed stakeholder consultations aimed at strengthening the development and imple
caricom_admin
Regional Workshop Strengthens Caribbean Capacity on Genetic Resources
Regional policymakers, scientists, and biodiversity experts gathered from March 3-5, 2026, at The University of the West Indies (UWI), St.
caricom_admin
