Budget: Debt increases but remains within fiscal framework
Cayman’s public finances will remain within the Framework for Fiscal Responsibility, yet the cost of servicing public debt will jump in 2027.
In its first budget, the National Coalition for Caymanians government outlined its commitment to adhering to the framework’s requirements. However, the rising stock of debt and growing government spending will worry some.
The framework, introduced into Caymanian law in 2012 through amendments to the Public Management and Finance Law, is intended to ensure responsible financial management. If its rules are breached, then the Cayman Islands government would need to seek UK approval for any significant financial decisions. For a more complete summary of the story, please see the below link:
Published on: Nov 07, 2025 01:08 PM