Name: Marco Archer
District: George Town
CANDIDATE IN THE NEWS
The opposition Democratic Party will field at least 10 party candidates, in addition to supporting some independents for the upcoming election. One of those CDP candidates is Denniston Tibbetts, the older brother of Progressives party founder and former leader, Kurt Tibbetts.
Warning that government overreach can “cause more harm than good” in certain instances, Cayman Islands Finance Minister Marco Archer warned opposition MLAs against the rush to implement fuel price controls in the local petroleum market.
The Cayman Islands government took 114 people out of the healthcare coverage plan for retired veterans and seamen during the last budget year. Finance Minister Marco Archer told the Legislative Assembly on Monday that 22 of those beneficiaries had died.
The Cayman Islands government was required to spend an extra $24 million in largely unanticipated, supplementary costs over the past two fiscal years.The expenses were detailed by Finance Minister Marco Archer in a statement to the Legislative Assembly Friday.
The Cayman Islands hit a milestone of five consecutive years of growth, government economists announced Friday, with the gross domestic product reaching $2.8 billion in 2015.
The government has extended a 15 percent import duty rate on building materials imported to Grand Cayman until Dec. 31, 2017.