Tag: Budget

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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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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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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Budget depends on accurate forecasts

Budget depends on accurate forecasts

| 24/11/2017 | 22 Comments

(CNS): Following the passage of the government’s first two-year budget in the Legislative Assembly last week the administration can now get down to spending the cash and implementing its policies. But the more than $1.45 billion revenue government expects to fund the expenditure, pay down debt, retain cash flows and produce the predicted surpluses is […]

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Legislators back 2-year $1.4B budget before LA adjourns

Legislators back 2-year $1.4B budget before LA adjourns

| 17/11/2017 | 10 Comments

(CNS): Despite the criticisms hurled at government from the opposition benches during an intense week of Finance Committee, the budget got full support from the members of the Legislative Assembly Wednesday when it was put to the vote. With the exception of Bernie Bush, the CDP Unity government back-bencher who was not in the chamber […]

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Finance minister and premier defend budget

Finance minister and premier defend budget

| 08/11/2017 | 12 Comments

(CNS): Both Finance Minister Roy McTaggart and Premier Alden McLaughlin took aim at the opposition Monday as they defended the Unity government’s first budget in the Legislative Assembly, claiming that it would benefit many Caymanians. McTaggart defended his numbers, stating that the priority spending matched the priority concerns of the people: crime, education and health. […]

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Minister stumped over lack of healthcare for kids

Minister stumped over lack of healthcare for kids

| 03/11/2017 | 90 Comments

(CNS): Health Minister Dwayne “John-John” Seymour has said he doesn’t understand why children do not have free healthcare. But despite being in a position to shape policy on healthcare and cover, he offered no solutions to address the very difficulties he outlined about families trying to ensure their children have access to healthcare. “I am […]

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Saunders calls on CIG to stop private sector’s free ride

Saunders calls on CIG to stop private sector’s free ride

| 02/11/2017 | 30 Comments

(CNS): The representative for Bodden Town West called into question several government policies that he said were mandating people to give money to the private sector for doing nothing. Chris Saunders took aim at the mandatory pension system, which he said was allowing pension companies to get rich for doing nothing by manipulating that policy […]

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Opposition: WP increases threaten local jobs

Opposition: WP increases threaten local jobs

| 02/11/2017 | 59 Comments

(CNS): Both the opposition leader and his deputy have said budget forecasts imply that work permits are set to increase beyond the number of jobs that government believes will be created over the next two years. Ezzard Miller and Alva Suckoo said the revenue earnings government is predicting from permits reveals that more local workers are […]

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Law enforcement is budget winner

Law enforcement is budget winner

| 31/10/2017 | 9 Comments

(CNS): With government expecting to earn in excess of $730 million next year and almost $723 million in 2019, law and order looks sent to benefit from the stable revenues. The RCIPS will get extra cash to hire an additional 25 police officers in each of the two years as well as in 2020, and […]

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Opposition plan to offer alternative budget

Opposition plan to offer alternative budget

| 31/10/2017 | 43 Comments

(CNS): Members of the opposition have said that they plan to propose constructive alternatives that offer action for the people when they engage in the debate on Wednesday on the government’s $644 million spending plan for next year and the $657 million budget for the year after. Having spent the weekend scrutinizing the budget documents, […]

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