Tag: Strategic Policy Statement
Saunders challenges ‘sustainability’ of PACT
(CNS): In his first address to parliament from the opposition benches since being fired from the PACT Cabinet, Chris Saunders (BTW) challenged the sustainability of some of the Cayman Islands Government’s fiscal and political plans. Sustainability has been billed as a major component of this government, but the now estranged independent MP said revenue derived […]
SPS passes easily as opposition MIA for vote
(CNS): In the early hours of Thursday morning, Premier Wayne Panton defended both the figures and the policies in PACT’s Strategic Policy Statement, as he wrapped up the debate on the government motion supporting the SPS. All opposition MPs except for Joey Hew had left the chamber before the vote, which meant that the SPS […]
Public spending expected to reach over $1B by 2026
(CNS): Core government expenditure will exceed CI$1 billion by 2026, Premier Wayne Panton revealed in his Strategic Policy Statement delivered in the House of Parliament Wednesday. According to the document that sets out the government’s proposed spending plans for the rest of this administration and beyond, well over $3 billion in revenue is expected to […]
Plans for climate change resilience emerge in SPS
(CNS): With Premier Wayne Panton at the helm of the PACT Government, Cayman’s environmental and conservation activists will be hoping to see concrete policies being rolled out as soon as possible to begin reversing the trend of over-development and building resilience to the impending impacts of climate change. In his closing remarks after presenting the […]
PACT plans to decriminalise ganja
(CNS): Premier Wayne Panton has announced plans to decriminalise ganja to help address one of the major barriers to employment for many young Caymanians. The policy proposal was one of several revealed Thursday in a detailed address by Panton that outlined the agenda proposed by the PACT Government to directly improve the lives of ordinary […]
Inflation one of several threats on horizon
(CNS): In his address to Parliament on Wednesday on the PACT Government’s first strategic policy statement, Finance Minister Chris Saunders painted a relatively optimistic picture of figures for public finances and the economic recovery from the COVID-19 fallout. But he also noted some threats on the horizon, not least the problem of inflation. Caymanians are […]
McTaggart goes on PACT attack
(CNS): The opposition leader wasted no time setting out the opposition stall in his first address to the new Parliament on Thursday, going on the attack against the PACT Government. Roy McTaggart accused the government of leaving the country adrift, taking too long to set out its policies, criticised its border opening plans and derided […]
PACT predicts future surpluses
(CNS): The finance minister has predicted that the government will be able to cover its operating costs throughout this administration, with 2021 being the only exception. Addressing Parliament on Wednesday as he tabled the 2022-2024 Strategic Policy Statement, Chris Saunders has said there will be no new revenue raising measures in the coming years but […]
Premier Panton commits to social justice
(CNS): The PACT Government will be picking up the tab to feed hungry children in school, expand social care for the elderly, help young Caymanians buy a home and put local people at the centre of the job market. In his remarks on the Strategic Policy Statement delivered Wednesday, Premier Wayne Panton outlined a platform […]
Heavy investment planned for law enforcement
(CNS): With over $9 million added to law enforcement budgets for 2019 and a long list of future plans for the various agencies, such as the police and border control, government has committed to investing heavily in fighting crime over the next few years. Money has already been appropriated for this year to buy land […]
CIG bags $99M more in 2018 than forecast
(CNS): The Cayman Islands Government collected a whopping CI$830 million in 2018, according to the preliminary unaudited results released Friday by the Ministry of Finance. Although the CIG spent around CI$6 million more than it expected, it still netted a surplus of $180 million for the year ending 31 December. Operating revenues were $830.2 million, […]
