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Bush’s budget speech shouts more soda than specifics. Manderson’s throne speech speaks of serious social concerns

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  1. FCO had wanted Cayman to have an expenditure of $528 million, but his government had come up with a projected expenditure of $531 million.
  2. 24 new revenue raising measures would be introduced.
  3. A 3.2 per cent salary reduction for civil servants.
  4. Changes to government policy requiring contracted civil servants to work after reaching age 60 to take a pay cut if they receive a pension is being discussed.
  5. Police officers’ housing allowance to be adjusted from $450 to $200 per month.
  6. Civil servants hired from overseas will no longer receive a ‘moving’ allowance. They will be given a short-term loan – repayable within six months
  7. Tertiary care cost rose to $18.6 million. (Note: This is $5.3 million more than expected.)
  8. During 2011/12 financial year government spending grew to $546million. (Note: This is an all time high).
  9. Rental payments for people in need was $700,000 more than budgeted.

Published August 21, 2012

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