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Government coffers overflowing

Government coffers overflowing

| 13/05/2019 | 43 Comments

(CNS): The Cayman Islands Government appears to be on track for another year of significant earnings, with the public purse bursting at the seams, according to the unaudited financial results for the first quarter of this year. Figures released by the finance ministry reveal that, following news that government collected a whopping CI$830 million in […]

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Hospital gets clean audit for first time

Hospital gets clean audit for first time

| 07/05/2019 | 12 Comments

(CNS): After almost fifteen years of trying, the Cayman Islands Health Services Authority has finally received an unqualified audit opinion from the auditor general for its 2018 financial statements. The report is not yet available to the public, and in a press release celebrating its first ever clean audit since at least 2005, when the […]

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Miller urges medical debt write-off for over 60s

Miller urges medical debt write-off for over 60s

| 01/05/2019 | 44 Comments

(CNS): Ezzard Miller, the representative for North Side, is calling on the Government of National Unity to write off medical debts for Caymanians over 60 on low incomes. Speaking on behalf of his own constituents, he asked government to extend the generosity it has shown to indebted drivers over vehicle licences to elderly members of […]

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Miller rails against licence fees waiver

Miller rails against licence fees waiver

| 29/04/2019 | 67 Comments

(CNS): Opposition Leader Ezzard Miller has taken aim at the government for waiving what could be more than $6 million in outstanding vehicle registration fees owed to the public purse. He said the amnesty was “beyond unacceptable” when at the same time the Government of National Unity had engaged lawyers to pursue sick and elderly […]

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Public pension liability ‘not cause for alarm’

Public pension liability ‘not cause for alarm’

| 23/04/2019 | 32 Comments

(CNS): Finance and Economics Minister Roy McTaggart has said that the historic liability in the public pension funds will be met, so the current $197.2 million deficiency is “not a cause for alarm”. As the minister presented the latest actuarial reports for these plans to the Legislative Assembly earlier this month, he said the liability […]

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Heavy investment planned for law enforcement

Heavy investment planned for law enforcement

| 17/04/2019 | 56 Comments

(CNS): With over $9 million added to law enforcement budgets for 2019 and a long list of future plans for the various agencies, such as the police and border control, government has committed to investing heavily in fighting crime over the next few years. Money has already been appropriated for this year to buy land […]

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CIG bags $99M more in 2018 than forecast

CIG bags $99M more in 2018 than forecast

| 16/04/2019 | 22 Comments

(CNS): The Cayman Islands Government collected a whopping CI$830 million in 2018, according to the preliminary unaudited results released Friday by the Ministry of Finance. Although the CIG spent around CI$6 million more than it expected, it still netted a surplus of $180 million for the year ending 31 December. Operating revenues were $830.2 million, […]

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$100M surpluses forecast for next 3 years

$100M surpluses forecast for next 3 years

| 15/04/2019 | 28 Comments

(CNS): Over the next three years core government is forecast to have operating surpluses of near or over $100 million, as Finance Minister Roy McTaggart predicts that Cayman’s economy will continue to grow by at least 2% per year from now until 2022. As he delivered the facts and figures to support the government’s strategic […]

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Gov’t expecting boost to coffers this year

Gov’t expecting boost to coffers this year

| 12/04/2019 | 20 Comments

(CNS): The government is expecting to increase revenue significantly next year over and above the originally forecasted earnings. Last week legislators voted to appropriate over $93 million more for public spending this year but the government is still expecting a surplus of more than $60 million. Despite voting an additional $53 million in operating expenses […]

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Minister amuses LA with homophobic ‘joke’

Minister amuses LA with homophobic ‘joke’

| 11/04/2019 | 189 Comments

(CNS): Members of the Legislative Assembly all seemed highly amused by the health minister’s description of this month as “Gaypril”, as he answered questions Wednesday from Chris Saunders (BTW) on issues impacting the health ministry. As Dwayne Seymour struggled to supply answers about problems with staff and management, from the suspended security team and the […]

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Gov’t adds tens of millions to 2019 budget

Gov’t adds tens of millions to 2019 budget

| 10/04/2019 | 30 Comments

(CNS): Finance Minister Roy McTaggart has said that the additional tens of millions of dollars of appropriations voted through Finance Committee yesterday for the 2019 fiscal year will still leave government with an operating surplus of around $67 million. The minister also said that the change to the budget does not break any of the […]

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