Tag: Office of the Auditor General
Soaring healthcare costs pose major risk to public purse
(CNS): Whichever group of candidates forms the next government, they will be faced with significant pressure from the public to reduce the cost of living, tackle the immigration conundrum, improve education standards and address the housing and over-development crises. But the biggest headache of all might prove to be the government’s growing healthcare tab for […]
OAG issues warning over debt and future liabilities
(CNS): The Cayman Islands Government is heading for significant fiscal challenges because of increasing public debt to cover its growing list of capital projects and the liabilities to cover the healthcare cost of retired civil servants now and in the future. In her most recent report about the sustainability of public finances, the departing auditor […]
Winspear bows out warning of unsustainable finances
(CNS): As Auditor General Sue Winspear prepares to bid farewell to Cayman this weekend after more than eight years scrutinising, but also trying to help with, public finances, she has published one of her most damning reports to date, stressing the long-term unsustainability of government spending and concerns about its ability to meet future financial […]
OAG releases redacted version of leaked ReGen report
(CNS): Auditor General Sue Winspear has released a redacted version of a report conducted in 2021 examining the Cayman Islands Government’s failed ReGen deal with a Dart Consortium to tackle the country’s rubbish. However, an unredacted version of the report was leaked last summer, soon after the CIG announced it was pulling out of the […]
OAG: Lack of overall economic plan puts Cayman at risk
(CNS): The failure of successive governments to develop an overall strategic economic plan to finish the much overdue National Development Plan or to manage the country’s population surge is putting its future at risk, the Office of the Auditor General found in a report published Thursday. Even though Cayman’s economy is strong, largely due to […]
CIG and Dart still discussing failed dump deal
(CNS): Talks are continuing between the Cayman Islands Government and Dart over the failed dump deal, and it could be some time before the ministry is in a position to begin a new procurement process to find a suitable private sector entity to solve Cayman’s garbage crisis. The CIG has already wasted almost $16.5 million […]
Only 27% of construction workers are Caymanian
(CNS): The idea that construction is critically important for local jobs was dispelled by Ministry of Labour Chief Officer Wesley Howell on Thursday when he told the Public Accounts Committee that only around 27% of people working in the sector are Caymanian. Howell was answering questions about a report by the Office of the Auditor […]
Dart-led consortium not properly checked out
(CNS): Of the many reasons for the recent collapse of the talks between the government and the Dart-led consortium proposing to develop a waste-to-energy facility and waste management system at the George Town dump was that the parties involved in this public-private partnership may not have been fully qualified to do the work. In a […]
CIG made shocking list of errors in $1B waste project
(CNS): From the moment the government began exploring options for a new waste management system, it failed the people of the Cayman Islands with a shocking list of errors on what would have been the most costly infrastructure project embarked on in these islands. A damning leaked report by the Office of the Auditor General […]
WORC bosses to face PAC grilling
(CNS): The Public Accounts Committee will hold a public hearing from today, Thursday, to 20 June regarding the Office of the Auditor General’s latest performance report, Improving Employment Prospects for Caymanians, May 2024, in which the OAG made ten recommendations, primarily to WORC. Ministry of Labour Chief Officer Wesley Howell, WORC Director Jeremy Scott and […]
CEO bemoans meagre pension for CAL staff
(CNS): Retired Cayman Airways Ltd (CAL) workers are facing a bleak future as the private pensions they accumulated are nowhere near enough to live on and they do not have post-retirement healthcare. Answering a question at the Public Accounts Committee hearing last week from Bernie Bush MP (WBN) about former airline staff struggling on meagre […]
