The Premier and Finance Minister, the Hon. McKeeva Bush, OBE, JP, presented in his second budget address on Friday (10 June) evening with one new revenue measure, which will be on the hedge fund industry - and no external borrowing.
Mr. Bush said his Government "has worked extremely hard to improve the Cayman Islands' state of public finances. In this respect, the achievements reached in our first two years in office have been outstanding. We have accomplished a delicate balance between meeting the pressing needs of the county and, remaining fiscally prudent."
Highlights of the budget include an enhanced private-public sector partnership to provide much needed national infrastructure, facilities and programmes - without incurring any debt. He announced a proposed partnership agreement with the Dart Group of Companies.
For a full text of the budget address, as scripted, visit www.gov.ky.
For the 2011-2012 budget documents, see www.bmu.gov.ky under Approved Budgets.
