U.K. Won’t Approve Cayman Budget

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The United Kingdom will not sign off on Cayman’s budget for the upcoming year without cuts to civil service personnel, it announced. The budget had been set for delivery to the Legislative Assembly May 23, but British concerns about personnel costs have become a major hang-up. “The U.K. says the present personnel cost is unsustainable,” said Premier McKeeva Bush in a statement. “This has resulted in the Budget Address being delayed for additional review time by the U.K.” Bush said that he would not cut back on salaries and benefits, with other cuts needed to come from the budget. Cayman has an estimated $4.6 million operating deficit as of earlier this month. [Caymanian Compass]

 

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