The Cayman Islands Legislative Assembly will meet Friday afternoon for the Throne Speech and Budget Address, according to an announcement released by government.
The meeting was scheduled for 2.30pm Friday.
However, it was not immediately clear whether the government’s proposed $580 million spending plan had been approved by the United Kingdom.
Government had proposed a budget to the UK in the beginning of this week that proposed $650 million in revenues and $580 million in expenses. The proposal included a slew of increased and new fees to be implemented by 1 September, if the budget was approved through the Legislative Assembly.