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Topic: Finance Minister Roy McTaggart

McTaggart: ‘Dangerous’ to reduce quarantine before reaching herd immunity

Opposition Leader Roy McTaggart said government's planned reduction in the mandatory quarantine period for vaccinated travellers is 'downright dangerous' when Cayman is yet to reach the herd immunity threshold.

McTaggart: Government finances better than expected

Government’s fiscal situation is not as serious as initially feared with government revenues higher and expenditures lower than forecast six months ago.

The Resh Hour with Finance Minister Roy McTaggart

Finance Minister Roy McTaggart joins us to discuss Cayman's economic outlook for 2021.

Concessions draft policy heads to Cabinet in February

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.

Business loan scheme finally in effect

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.

McTaggart welcomes premier’s endorsement

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.

McLaughlin announces re-election bid

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.

Government plans new corporate restructuring regime

Planned changes to the Companies Law will introduce a new restructuring officer regime.

Government projects 7.2% economic contraction in 2020

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.

Finance Minister: No direct taxation considered

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".

Chamber of Commerce forum to focus on ‘Rebuilding a better Cayman’

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.

Gov’t issues RFP for $500M line of credit

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 jobless tourism workers register with government

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.

Finance minister spells out ‘stark reality’ of COVID economic impact

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.

Finance minister: Cash reserves can support economic recovery

Five months after the government presented a record $1.6 billion two-year budget, the coronavirus pandemic has thrown all financial plans into disarray.

Cayman’s record budget gets go ahead

Government's more than $1.5 billion budget, the largest ever for the Cayman Islands, gets the go ahead.

US$261m bullet bond to be paid off Friday

Government will pay off its US $261 million bullet bond Friday.

Government presents record-size budget

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.

McTaggart targeted in fake ad scam

Finance Minister Roy McTaggart has been targeted in an advertisement scam being circulated on social media.

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