Topic: Budget 2022/2023
Government half-year results ahead of budget
Government reported an operating surplus of $159 million in the second quarter of 2022.
Government surplus $30 million higher than budgeted
Unaudited financial results for the first five months of 2022 show a $179.5 million operating surplus for the public sector – $30 million more than projected by the budget.
Larger government budget surplus in first quarter 2022
The Cayman Islands government has reported a surplus of $215.7 million for the entire public sector in its first quarter financial results.
Finance Committee approves $15M in additional tourism stipend funding
Parliament’s Finance Committee on Wednesday approved $15 million in additional tourism stipend funding after the money allocated in the budget for that purpose had already run out.
Government’s financial position marginally ahead of budget
Government reported a slightly higher revenue from financial services and work-permit fees and lower expenditures than forecast for the first two months of 2022.
Finance minister expects ‘smaller’ $10 million deficit for 2021
Finance Minister Chris Saunders said that preliminary results for the 2021 financial year showed a smaller than projected core government deficit of about $10 million.
Budget 2022: How government plans to return to an operation surplus
The principal sources of government revenue and main spending areas are not much different compared to previous years.
$21 million proposal to restore Seven Mile Beach
Government plans to allocate $21 million over the next two years for a project to restore a large stretch of lost sand at the southern end of Seven Mile Beach.
Opposition criticises government’s borrowing plans
Opposition leader Roy McTaggart has criticised government’s plans to borrow up to $350 million over the next two budget years to fund capital expenditures and infrastructure.
Government 2022/23 budget projects return to operating surpluses
Government is planning a return to operating surpluses without any new fees or taxes in its 2022/2023 budget based on better than expected revenues.
Premier: Income inequality threatens Caymanian middle class
In his budget address on Friday, Premier Wayne Panton painted a picture of economic marginalisation of a Caymanian middle class which “is under assault”.
