Tag: Marco Archer
NAU gets cash boost and expands hours
(CNS): The Needs Assessment Unit (NAU), which is dealing with hundreds of vulnerable people and families in need, is extending its hours of operation. Starting on 6 June, the unit, which has received a more than $1 million injection of funding in the budget, will now be opening Monday through Thursday until 6:30pm. Officials said […]
CIG spending grows by 3.7% in final budget
(CNS): In his first 18-month budget and the last of this administration, Finance Minister Marco Archer revealed an anticipated surplus of just $46 million, considerably less than previous years, and a much bigger spending plan. He said Cayman was now in an enviable position, both economically and from a public finance perspective. He said the year […]
CIG set to deliver 2016/17 budget before month end
(CNS): The Cayman Islands Government will be delivering its first ever 18-month budget on 30 May. The premier’s office has confirmed that the final spending plan for this PPM administration will be brought to the Legislative Assembly a week on Monday, just one month ahead of the end of the current financial year. The spending […]
Key services undermined by CS health cover
(CNS): Essential public services in the Cayman Islands are not getting the cash they need because of government’s massive health care bill which includes the full, premium for public servants, according to Finance Minister Marco Archer. Responding to comments by the Cayman Islands Civil Service Association last week, in which the president said its membership had not […]
CICSA not accepting co-pay on health
(CNS): Claims by Finance Minister Marco Archer that a decision has been made to have public servants pay part of their healthcare insurance by 2018 were refuted Tuesday by the Cayman Islands Civil Service Association. CICSA President James Watler said that his members had not been consulted or informed about any decision regarding co-pay and the […]
Archer ponders duty rate review
(CNS): With the introduction of the new custom codes, government is better placed to examine the duty on goods imported into the Cayman Islands, which offers an opportunity to look at the current rates, according to Finance and Economics Minister Marco Archer. Following news that Britain has introduced a sugar tax on sodas and other soft sweet […]
Minister says no more debt despite fiscal compliance
(CNS): With the Cayman Islands on track to meet all of the requirements of the Public Management and Finance Law and the Framework for Fiscal Responsibility by the end of this financial year, government could start borrowing again but Finance Minister Marco Archer said there would be no more debt in the next financial year. […]
CIG one step away from regaining budget control
(CNS): The Cayman Islands Government is within reach of finally regaining control of the public purse and budget process after the cash reserves ratio required under the Framework for Fiscal Responsibility was met this fiscal year. Finance and Economic Development Minister Marco Archer said he had written to the Foreign and Commonwealth Office (FCO) about […]
Local economy grew steadily through 2015
(CNS): The Cayman Islands economy grew steadily last year and government officials are now on course to meet growth predictions for the calendar year, according to the Third Quarter Economic Report 2015 from the Economics and Statistics Office. The report found that overall economic activity in Cayman grew by an estimated 1.6% in the first nine months of 2015 and that […]
Economic growth down on predictions
(CNS): The Cayman Islands economy grew by 1.6% in the first half of 2015, which was not only down on the rate of growth for the first half of last year at 2.2%, it is also down on the predictions of more than 2% growth made by the finance minister in his budget address for this […]
Minister reveals connection to AIS ‘sham’ directors
(CNS): One of the men that the crown says was a ‘sham director’ of AIS Cayman Ltd, the company awarded the multi-million dollar contract for the hospital payment and verification system, has very close connections to the finance minister, the jury heard Wednesday. Marco Archer explained that he has known Eldon Rankin for more than […]
