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Topic: Finance Minister Roy McTaggart
Government’s fiscal situation is not as serious as initially feared with government revenues higher and expenditures lower than forecast six months ago.
Finance Minister Roy McTaggart joins us to discuss Cayman's economic outlook for 2021.
After years of repeated calls for a formal policy on government concessions, it appears an official framework to regulate how waivers are granted and who gets them may be making its way to Cabinet for consideration.
Two months after government announced a loan scheme to help medium- and large-sized businesses deal with economic fallout from the COVID-19 pandemic, five commercial banks are starting to accept applications.
Finance Minister and George Town East MLA Roy McTaggart has said he was taken by surprise when Premier Alden McLaughlin announced this week that he was endorsing him as the next leader of the Progressives party.
Premier Alden McLaughlin has thrown down the gauntlet to his political opponents announcing his intention to seek reelection in the Red Bay constituency come next May.
Planned changes to the Companies Law will introduce a new restructuring officer regime.
Cayman’s economy is expected to contract by 7.2% this year before recovering partially with a 6.4% expansion in 2021, according to Finance Minister Roy McTaggart.
Refuting reports that direct taxation may be needed to deal with the fiscal impact of a global economic recession, Finance Minister Roy McTaggart said Cayman’s “indirect tax regime is well established and supports robust levels of economic activity".
This year's Economic Forum, hosted by the Chamber of Commerce and the Ministry of Finance and Economic Development, will be held virtually next month.
Government has issued a request for proposal for a standby line of credit of $500 million which it intends to use as a contingency plan should its reserves be significantly impacted by the COVID-19 pandemic.
More than 1,000 Caymanian tourism workers have applied to the government for assistance after losing their jobs in the industry, Tourism Minister Moses Kirkconnell said in a statement Wednesday.
The Cayman Islands is facing a double digit drop in gross domestic product and a local unemployment rate of almost 20% as a result of the coronavirus crisis, Finance Minister Roy McTaggart said Wednesday.
Five months after the government presented a record $1.6 billion two-year budget, the coronavirus pandemic has thrown all financial plans into disarray.
Government's more than $1.5 billion budget, the largest ever for the Cayman Islands, gets the go ahead.
Government will pay off its US $261 million bullet bond Friday.
Finance Minister Roy McTaggart presented a two-year budget on Friday that will exceed $1.6 billion in government revenue and not require new debt nor impose new taxes and fees on the public.
Finance Minister Roy McTaggart has been targeted in an advertisement scam being circulated on social media.