Tag: Marco Archer

Poor lose out in budget cash shuffle

Poor lose out in budget cash shuffle

| 01/02/2017 | 57 Comments
(CNS): The government has taken more than $2.5 million from various welfare cash allocations in the 2015/16 budget, according to the supplementary appropriations bill that it will be bringing to the Legislative Assembly later this month. In its reallocation of money originally appropriated in the la [...]

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Christmas messages focus on Cayman’s blessings

Christmas messages focus on Cayman’s blessings

| 26/12/2016 | 6 Comments
(CNS): With the turmoil of political upheaval, wars and terrorism around the world, Cayman’s leaders focused on reasons to celebrate the peace and stability in the Cayman Islands and what Premier Alden McLaughlin said were its many blessings. “Fortunately, here at home we have had many reasons t [...]

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New finance bill proposes more reporting

New finance bill proposes more reporting

| 22/12/2016 | 21 Comments
(CNS): Government has gazetted a list of amendments to the Public Management and Finance Bill that covers important changes when it comes to the reporting of how government is spending public cash. The Public Management and Finance (Amendment) (No. 2) Bill, 2016 is expected to be debated in the Legi [...]

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Economy grows by 3%, passing predictions

Economy grows by 3%, passing predictions

| 20/12/2016 | 29 Comments
(CNS): Cayman Islands Government statistics released Friday indicate that the local economy grew by around 3% in the first six months of 2016, surpassing predictions and reflecting the best growth rate in the country since before the economic crisis. The forecast GDP growth for 2016 has now been adj [...]

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Customs opens red-green channels at airport

Customs opens red-green channels at airport

| 25/11/2016 | 49 Comments
(CNS): The Customs Department has begun operating a new clearance system in the arrival hall at Owen Roberts International Airport (ORIA). Collector of Customs Charles Clifford said the simplified process, recommended by the World Customs Organisation and commonly known as the ‘red/green syste [...]

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Archer targets revenue reporting

Archer targets revenue reporting

| 25/11/2016 | 21 Comments
(CNS): The finance minister has said that government’s inability to confirm that the revenue collected into the public purse is everything it is owed and recorded in its financial statements is a major challenge that he plans to tackle. Marco Archer told civil servants at a conference Thursday tha [...]

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Archer targets red tape and debt

Archer targets red tape and debt

| 11/11/2016 | 24 Comments
(CNS): The finance minister is hoping discussions he had with UK officials during the government’s trip to London last week will help him pay down more of the public debt and reduce bureaucracy on capital projects. Marco Archer told a small branch meeting of the PPM Wednesday that there were some [...]

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Cayman presses UK officials for changes to FFR

Cayman presses UK officials for changes to FFR

| 02/11/2016 | 20 Comments
(CNS): Cayman’s finance and economic development minister has been pressing UK officials to make changes to the Framework for Fiscal Responsibility, which is now part of the Public Management and Finance Law. Marco Archer, along with Financial Secretary Kenneth Jefferson and Premier Alden McLa [...]

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Premier & Co head to London for post-Brexit JMC

Premier & Co head to London for post-Brexit JMC

| 28/10/2016 | 21 Comments
(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 substanti [...]

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MLAs back bill to tighten public procurement

MLAs back bill to tighten public procurement

| 17/10/2016 | 14 Comments
(CNS): A bill designed to remove political interference, create transparency, improve efficiency, get better value for money and generally tighten up the entire process around government procurement was backed by the parliament Monday, with no opposition, following its second reading. Government hop [...]

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Cayman overcomes fears of official surveys

Cayman overcomes fears of official surveys

| 17/10/2016 | 6 Comments
(CNS): Once reluctant to reveal information to government officials for statistical surveys, the public in Cayman has become much more willing to respond to important socio-economic surveys, and is also embracing the resulting statistics in a variety of ways. Finance Minister Marco Archer, who has [...]

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