AGP Executive Report
Last update: 22 minutes agoPublic Finances: Government expects a CI$26.6 million year-end surplus, CI$16.6 million above forecast, despite Finance Committee approving nearly CI$45 million in extra spending. The 2026 budget has now grown by almost CI$180 million, drawing questions about the accuracy of its forecasts. Public Services: Cabinet approved nearly CI$3.7 million for two replacement mosquito-control planes and larvicide as ageing aircraft and high mosquito numbers strain operations. Social Assistance: The welfare budget is nearing CI$50 million to support about 3,000 people. Minister Isaac Rankine is seeking more funding and better ways to track the programme’s impact. Parliament: Members unanimously backed establishing a sovereign wealth fund in principle, with research and public consultation still to come. Parliament also welcomed Gloria McField-Nixon as the Cayman Islands’ first female Deputy Governor. Financial Oversight: Cayman has entered the assessment phase of its fifth CFATF mutual evaluation, with assessors due on island next year to review how effectively the jurisdiction tackles financial crime.
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