GOV.KY

Everyone Benefits From A Strong Economy

from young professionals, families, and old people to our vibrant business sector itself.   Strong public finances are generated from a strong economy and these in turn provide funding for public services – our schools, health services, roads, and police.
Family

Supporting The Long Term Health    Of Our Economy

Government funding also supports the long term health of the economy through investing in tourism infrastructure – such as our new airport, and enhancing anti-money laundering laws so our financial services sector can continue to flourish.  We now have a small surplus with our income exceeding expenses so that we can pay off some of our debts, and set aside emergency funds to help us recover from a hurricane or other crisis.
Road Day in the Life

Looking At The Numbers

UNEMPLOYMENT

3%

overall unemployment is the lowest in a decade at 3%
SCHOOLS

>70%

over 70% of schools now achieve satisfactory performance
HEALTHCARE

584

nurses and doctors are funded in our hospitals and in our community

TOURISM
9.57%
increase in stayover arrivals from July 2018 to July 2019 of 9.57%
POLICE
75
new police officers with 25 working out in the community
ECNOMY
5
major capital investment projects improving infrastructure

Doing The Maths

Revenue
from fees, licences, duty and taxes
Img 1
-
Expenditure
on public services and investments
img 2
=
Surplus 
(if we are careful)
used to address debt
+
set aside for emergencies
Img 3

A Brighter Future

As public funds are limited, the government must decide which areas would benefit the people and the community the most. To do this the government sets a number of strategic broad outcomes which serve as the foundation for the annual budget.  These broad outcomes endeavour to ensure Caymanians benefit from the opportunities of a strong economy, that our country continues to be a great place to live, and that we pay our part on the global stage.  The 2020 budget is scheduled for release in November 2019.
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Contact Us
Cayman Islands Government, Government Admin Building, Grand Cayman, Cayman Islands, Tel: 345 949 7600
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