Topic: government revenue

The Cayman Islands government’s Unaudited Quarterly Financial Report for the first quarter of 2026, showed a significant increase in revenues.

The National Coalition For Caymanians government will present its first budget on 6 Nov., outlining its expected spending and revenues for the country for the next two years.

Perhaps Cayman should, in the current good years, run a surplus of cash from financial services taxation, invest this surplus wisely, and use the accumulated wealth to support itself if or when the geopolitical winds change.

Cayman’s public spending is out of control and failing to deliver value for money, according to an analysis by Compass contributor Simon Cawdery.

Government revenue for 2023 is expected to be “marginally shy” of the year’s targeted $1.037 billion, according to Premier Wayne Panton.

Government earned $19.5 million more in revenue in the first six months of the year, compared to last year's figures, driven in part by a hike in stayover tourism, vehicle charges and work permit fees.

The premium price tag for Cayman's hotel rooms has led to government revenues from tourism accommodation taxes and fees in the first six months of 2023 being $3 million higher than the amount projected for the entire year.

The Cayman Islands government made $159.2 million more in 2022 than 2019, and $80.3 million more than it projected, according to unaudited financial results released this week.