Tag: Budget

Minister dodges health cover issue

Minister dodges health cover issue

| 19/11/2019 | 61 Comments

(CNS): The health minister said very little about the pressing issue of health insurance costs when he spoke for almost two hours on Monday during the debate on the Unity government’s $2 billion budget. Despite having some of the most intractable problems of any minister, including garbage collection failures and the increasing struggle many face […]

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LA backs CIG’s $2 billion budget

LA backs CIG’s $2 billion budget

| 19/11/2019 | 40 Comments

(CNS): All of the members still in the Legislative Assembly backed the government’s massive spending plan for 2020/21 when the vote was called on Monday evening for the biggest ever budget in Cayman’s history. As Premier Alden McLaughlin wrapped up the debate, he denied it was an electioneering budget, saying this was “demonstrably untrue”, as […]

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Tara to take fight to Hollywood

Tara to take fight to Hollywood

| 15/11/2019 | 123 Comments

(CNS): The financial services minister and her team will be turning their attention to one of the most persistent sectors peddling what she said was misinformation about Cayman by engaging the US film industry. Taking the fight to Hollywood, Tara Rivers said she planned on meeting movie makers, script writers and others in the business […]

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Health minister getting terrible advice, says Miller

Health minister getting terrible advice, says Miller

| 15/11/2019 | 56 Comments

(CNS): The independent MLA for North Side, Ezzard Miller, said during the budget debate Thursday that the health minister is getting terrible advice from senior officials in his ministry. The former opposition leader raised a catalogue of problems with healthcare provision in the Eastern Districts and urged the minister to get better advice and change […]

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Minister reveals more  tourism records

Minister reveals more tourism records

| 14/11/2019 | 23 Comments

(CNS): The unprecedented success of the tourism sector in Cayman was confirmed by the minister during his contribution to the budget debate Wednesday, when he revealed new records relating to numbers, rooms and spending. Moses Kirkconnell told his legislative colleagues that tourism growth was outpacing all other regional destinations. By the end of 2019, visitors […]

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McLean ‘nauseated’ by gov’t approach

McLean ‘nauseated’ by gov’t approach

| 14/11/2019 | 25 Comments

(CNS): Opposition Leader Arden McLean said he found the government’s approach to this budget “nauseating”, when he delivered his response to the premier’s Budget Policy Statement on Wednesday. McLean accused the PPM-led administrations of hoarding public cash for six years, only to spend it all now when an election was round the corner. McLean said […]

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Business and public can tackle inflation, says minister

Business and public can tackle inflation, says minister

| 11/11/2019 | 45 Comments

(CNS): Having painted a bright picture of Cayman’s economic fortunes as he delivered his Budget Address on Friday, Finance Minister Roy McTaggart called on businesses and shoppers to address Cayman’s continuing inflation problem. With GDP expected to grow by more than 2% over the next two years, McTaggart said inflation will also be growing at […]

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Minister presents billion dollar budgets

Minister presents billion dollar budgets

| 08/11/2019 | 33 Comments

(CNS): Finance Minister Roy McTaggart has forecast that the government will collect CI$825 million in revenue during 2020 and spend almost $760 million in its first ever US$1 billion budget. But that record-breaking earnings and expenditure will be broken again in 2021, when the minister is predicting the government will collect almost CI$850 million in […]

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High spending expected in budget

High spending expected in budget

| 08/11/2019 | 18 Comments

(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, […]

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Premier confirms date for budget meeting

Premier confirms date for budget meeting

| 30/10/2019 | 1 Comment

(CNS): Government will deliver its 2020/21 budget to the Legislative Assembly on 8 November, the premier confirmed Wednesday. After the law was changed several years ago to enable multi-year budgets, this will be the last this government presents to the parliament before the 2021 elections. The finance minister will outline the government’s projected earnings for […]

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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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