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Minister Presents First Budget

Finance Minister Hon. Roy McTaggart presents his first budget in the LA.

In his maiden budget address titled "Maintaining Fiscal Prudence: An Inducement to Growth", Minister for Finance and Economic Development, Hon. Roy McTaggart had a couple of other firsts to his credit: this is the first budget of the present coalition Government of National Unity and it is the first-ever two-year budget that will be the norm going forward for Cayman.

Minister McTaggart underscored that the 2018 and 2019 budgets "are built on a solid foundation of sound fiscal principles which will deliver the resources necessary to ensure long-term financial sustainability, stable economic growth and provide improved outcomes for all of the people of the Cayman Islands." He also emphasised that all the planned accomplishments would be done without increasing the tax burden.

The full budget address will be posted on Monday on the Features column on this page.


For further information contact: Bina Mani