Tag: Ken Jefferson
CIG debt under control but liabilities still pose problem
(CNS): The Cayman Islands Government’s debt currently stands at $429.9 million, with $48.1 million due within one year, according to the CIG’s latest unaudited accounts published earlier this month. This figure is well within the requirements of the Public Finance and Management Act, with a net debt ratio of just 17.5%, while the law allows […]
Surplus expectations fall to low of CI$3.3M
(CNS): Financial Secretary Ken Jefferson admitted to parliament on Tuesday that the government might be sailing very close to the wind with the revised expectations on this year’s budget. Spending by the end of this year is expected to reach over CI$1.03 billion, an unprecedented amount, leaving the government with a surplus of just $3.3 […]
Taxes missing from all public accounts
(CNS): Government departments are still not reporting on the cash that is collected from taxpayers in their individual financial and management accounts. Although civil service management and even the Public Accounts Committee has been congratulating financial officers and their teams of government accountants for finally submitting their financials on time and reaching clean audit opinions, […]
Risk committee to be created before governor leaves
(CNS): The financial secretary has said that a risk and audit committee should be in place before Governor Helen Kilpatrick leaves the jurisdiction. The creation of yet another government oversight body designed to eliminate the threats to public cash from poor governance has been recommended by the Office of the Auditor General for some time […]
Premier & Co head to London for post-Brexit JMC
(CNS): The future of Great Britain and its dependent territories in a post-Brexit landscape will be high on the agenda next week when the UK meets with the leaders of its remaining colonies in London. Cayman Islands Premier Alden McLaughlin is travelling to the British capital today with a substantial delegation for the Overseas Territories […]
