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Premier Reports to CI

Premier Hon. Alden McLaughlin, MBE, JP, MLA

Delivering the 2014 State of the Nation to members of the Chamber of Commerce and guests at the Ritz-Carlton on 9 October 2014, Premier Hon. Alden McLaughlin, MBE, JP, underscored the overall growth in economic activity in the Cayman Islands in the first six months of the year.

Equally importantly, he reported that Government's operating revenues were better than budgeted while operating expenditures were lower than budget expectations.

With no further borrowings, Government is also on track to further reducing the public debt. Additionally, the overdraft interest costs which was reduced from nearly $750,000 to $66,000 last year, will be zero this year, he said.

For the whole speech, visit,8247985&_dad=portal&_schema=PORTAL.

For further information contact: Bina Mani