Appropriation Financial Years 2026 and 2027 Bill 2025
Government bill, sponsored by the Ministry of Finance and Economic Development (FED)
What this bill does
This bill authorizes the Caymanian government to spend money and make investments for 2026 and 2027 across all government departments and services. It allows Cabinet to spend the approved amounts for operational expenses, purchase assets, make loans, and borrow money as needed during these two years.
- Authorizes government spending of approximately $596 million for 2026 and $601 million for 2027
- Allows unused money from 2026 to roll over to 2027 only with Cabinet's written approval
- Includes significant budgets for health care services (approximately $169 million), education (approximately $248 million), and police/security services (approximately $73 million)
- Enables government borrowing up to $124 million in 2026 and $112 million in 2027 to fund capital projects and other initiatives
Who it affects: All residents of the Cayman Islands (government services they receive), government employees, businesses that contract with government, and those receiving government assistance or benefits
This summary is AI-generated from the official document and may contain errors; it is not legal advice. Always consult the source text below.
Official documents
Debated in Parliament
Hansard sittings whose records mention this bill: