Topic: government spending
Stamp duty and financial services fees boost government first-quarter revenue
The Cayman Islands government’s Unaudited Quarterly Financial Report for the first quarter of 2026, showed a significant increase in revenues.
Government and opposition MPs clash over disappearing deficit
Government and opposition politicians clashed over government finances in the recent sitting of Parliament's Finance Committee as questions were raised about how a projected $60 million deficit could turn into a $10.3 million surplus forecast in just two months.
Cabinet approves $11.1M in extra spending in two meetings
Minutes just released by the Cabinet Office reveal that an extra $11.1 million in spending was approved by Cabinet in two separate meetings over the last few months before the general election.
Opinion: Should Cayman establish a sovereign wealth fund?
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.
Government accused of late and inaccurate accounting by auditor general
Government departments have come in for strong criticism from the auditor general in her yearly report on the state of financial reporting in the Cayman Islands.
Analysis: Is public spending in Cayman out of control?
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 spent $55,000 on rejected electoral boundary report
Government had to foot a bill of CI$54,844.79 for the Electoral Boundary Commission's report which it subsequently rejected.
Government surplus comes with message against overspending
Government's latest unaudited financial records have shown higher-than-projected surplus figures for the first half of the year. The Ministry of Finance, however, has cautioned against overspending as 2024 rounds off.
Local fees and financial services boost government coffers
An influx of financial services fees over the first quarter of 2024 has put government's coffers on a positive footing even as expenses such as personnel costs increased by $6.1 million last year.
Last ditch Cayman Kai retreat failed to heal PACT divisions
The PACT government spent $12,000 on a pre-budget retreat at an exclusive Cayman Kai villa last summer as Premier Wayne Panton battled to hold his coalition together.
Government budget gets green light
The United People's Movement government's two-year fiscal package has been approved in Parliament, after two days of scrutiny in Finance Committee.
Budget rules consistently bent for years
Successive governments may have misused budget measures meant for emergencies to push through spending or re-assign funding without proper scrutiny from MPs, according to an analysis by Auditor General Sue Winspear.
Gov’t still paying electricity bill for vacant Glass House
The Cayman Islands government is spending $180,000 to $240,000 annually – at least in part – to supply electricity to an office building that has not been staffed in about five years.
Cayman’s economic growth slows
The Cayman economy grew an estimated 1.6 percent in the first three quarters of 2015, down from 2.4 percent for the same period in 2014, according to a new report from the Economics and Statistics Office.
