Unapproved budget this PM
(CNS): The Cayman Islands premier is persisting with his intention to deliver the 2012/13 budget statement this afternoon but he is doing so without the approval of the UK’s overseas minister. In a short statement in his capacity as acting governor, Franz Manderson said that the premier would be presenting the government’s spending plans while negotiations continue with the FCO and without the UK’s agreement. He said that discussions between the Cayman Islands and the Foreign and Commonwealth Office on the budget were ongoing and OT Minister Henry Bellingham may not agree to the plans the premier will present.
Manderson said the UK was still asking the government to ensure its budget proposals were credible, sustainable and consistent with the Framework for Fiscal Responsibility signed by the Premier in November 2011.
“The Honourable Premier intends to present the 2012/13 Budget to the Legislative Assembly today. If so, he will be doing so in the knowledge that the Minister for the Overseas Territories has not given, and may not give, his approval to these budgetary plans,” Manderson said an hour before the LA was due to convene.
“In any event the FCO will wish to continue to work closely with the Cayman Islands Government to develop budgetary plans which are in the best interests of the Cayman Islands for the future,” he added.
It is understood that Deputy Governor Manderson, in the absence of Governor Duncan Taylor, who is currently overseas, will be delivering the Throne Speech as the FCO has offered no objection to that presentation being made.
Check back for more on the budget story and the consequences of the delivery of a budget that does have UK approval.
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