Name: Roy McTaggart
District: George Town East
CANDIDATE IN THE NEWS
Government is turning to local banks with the hope of securing a $153 million loan to help pay off its $261 million bullet bond which is due to be repaid in full in November this year.
Government continued to raise higher than expected revenues in the second quarter of 2019, which produced a 65% larger than budgeted surplus for the public sector.
A new luxury development, Diamond’s Edge, formally opened its gates this month with an event at a marquee on site at the shores of North Sound.
The government has approved more than $1.6 million in additional funding for its Housing Repairs Assistance Programme.
The Cayman Islands Chamber of Commerce in partnership with the Ministry of Finance & Economic Development will host the 2019 Chamber of Commerce Economic Forum at the Kimpton Seafire Resort + Spa on Friday, 31 May.
The public sector’s $216.8 million budget surplus in the first quarter of 2019 was $44.4 million higher than estimated, the Ministry of Finance said on Friday.