Putting it in perspective

A little food for thought on the appalling revelation by the Auditor General that the Government's financials are in an appalling, irreparable state of $800M unaudited.

- $800M is one years total expenditure by the Bermuda Government

- Finance Minister Paula Cox tried to brush off the Auditor's concerns because "His function requires him to focus on the exceptions".

Precisely. Those quangos who filed audited financials were the exception -- only 10 of 37 complied with this most basic requirement.

- The Premier, in posturing for his trip to Washington DC told reporters that "We guard jealously our reputation for fiscal prudence" -- only days before the release of the Auditors Report revealing little regard for fiscal standards.

| More

Archives