Half of government’s revenue comes from financial services
Fees from Cayman’s growing financial services sector accounted for roughly half of all government revenue in the first six months of 2025.
Government raked in more than $350 million from a mix of company fees, mutual and private fund fees, partnership fees, and bank, trust, insurance and securities licences.
That’s an increase of $51.5 million compared with the same period last year.
Rate hikes, which came into force in January, and solid business growth in the sector have helped swell government’s coffers in the first half of the year.
The influx of cash is a welcome shot in the arm at a time when government is spending more than ever and is forecast to be in a deficit position by the end of the year. For a more complete summary of the story, please see the below link:
Published on: Aug 24, 2025 06:01 PM