Tag: Budget Policy Statement
Middle-out to replace trickle-down policies
(CNS): Premier Wayne Panton said the PACT Government’s first budget reflects the change people voted for, as he outlined a policy switch from trickle-down economics to middle-out economics and commitment to halt the ongoing demise of the Caymanian middle class. In his first Budget Policy Statement to Parliament on Friday, Panton spoke about the increasing […]
Premier outlines record public spending
(CNS): The premier outlined the details of the biggest ever budget the Cayman Island has ever seen in both spending and earnings on Friday. Government is expecting to collect well over CI$800 million in both 2020 and 2021, which is more than US$2 billion over the two year period. Both years will see a significant […]
High spending expected in budget
(CNS): The Unity Government will be presenting its final budget for this administration on Friday and it is expected to be a high spending one. Premier Alden McLaughlin said it will address a range of social issues over the two-year period that it covers. He said there will be additional provision for the vulnerable, education, […]
Premier to deliver latest policy statement
(CNS): Premier Alden McLaughlin will be delivering his government’s Strategic Policy Statement for 2020 and 2021 some time next month after the Legislative Assembly meets Wednesday for the first time this year. The statement will set out the government’s broad spending priorities for the next two years, paving the way for the budget process to […]
CIG prioritises education and jobs
(CNS): The premier revealed an increase in spending for education and an enhanced focus on ensuring Caymanians benefit from the growing locally economy as he delivered the Budget Policy Statement underpinning the first budget of the Government of National Unity. Outlining what the government is planning for a broad range of areas of the economy and […]
