September 27, 2021

Cayman Islands Government finances continue to show a significant surplus at the end of 3rd quarter 2018

Pin It

In the first nine months of 2018, Cayman Islands Government’s finances and that of the Entire Public Sector have registered a significant surplus. The unaudited Financial Report for 1 January to 30 September 2018 that Minister for Finance and Economic Development, Hon. Roy McTaggart, on behalf of Cabinet, released today (Friday, 9 November 2018), shows […]

Cayman Islands maintains solid economic performance

Pin It

With economic activity growing across all major sectors, the GDP rose by 4% in first quarter 2018. Healthy consumer demand and spending contributed to the highest second quarter growth of merchandise imports since 2005 – valued at $254 million and growing by 15.2% over the comparative period in 2017. Core Government recorded a surplus in […]

Cayman Islands Government finances show healthy surplus in half-year

Pin It

In the first half of 2018, Cayman Islands Government’s finances for the Entire Public Sector has registered a surplus. Minister for Finance and Economic Development Hon. Roy McTaggart, on behalf of Cabinet, released Friday, 10 August 2018) the unaudited Financial Report for 1 January to 30 June 2018. The figures show that Government’s overall surplus […]

Cayman Islands Government finances show healthy surplus in half-year 2018

Pin It

Overall fiscal surplus for year up to 30 June 2018 is $201.1 million, 50% higher than budgeted. Bank balances in cash and deposits also $110.5 million greater than budgeted. Better revenues and lower expenses were among factors for surplus. Grand Cayman (GIS) – In the first half of 2018, Cayman Islands Government’s finances for the […]

Cayman Islands Pre-election Economic Report released

Pin It

Section 26 of the Public Management and Finance Law (2013 Revision) (the PMFL), as amended, provides for the Chief Officer of the Ministry responsible for Finance to Gazette a Pre-Election Economic and Financial Update (PREFU) not more than forty-two days, nor less than twenty-eight days before the date of a General Election. The Cayman Islands’ […]

Cayman Islands reduces debt 7.2%

Pin It

By Aleem Khan From Breaking News Trinidad and Tobago Like Trinidad & Tobago, the Cayman Islands is one of the strongest economies in the Caribbean. Unlike T&T, however, the new Cayman Islands “government has a proactive strategy to reduce the debt, which is now KY$532.4 million compared to KY$573.8 million in 2012/13.” The Cayman Islands […]