Public Address by the Premier, Honourable McKeeva Bush, OBE, JP

ArchiveAug 9, 2012

1 min read

Operating Revenues of $598 million;
Operating Expenditure of $576 million;
an Operating Surplus of $22 million;
Capital Expenditures and Investments in Public Entities of $83 million;
New Borrowings of $59 million;
$40 million in New Revenue from Directorship fees; and
Operating Overdraft of $65 million for the period 1st July 2012 to 31st January 2013 and for it to revert to $25 million from 1st February 2013 to 30th June 2013.
an Equity Investment by Government in its Statutory Authorities and Government Companies of $23 million;
Capital Expenditures by Government of $33 million – this is an historic (or near historic) record-low level of Capital Expenditures;
$26 million of principal debt repayment during the 2012/13 year; and
no long-term borrowing at all in 2012/13.
Shetty Hospital is still online
The Cruise Ship Dock facility will be developed
Spotts landing redevelopment
a golf course community in North Side/East End
one hotel in Bodden Town and Dart’s 2 hotels on 7-Mile Beach
the rest of the ForCayman Alliance Developments of Commercial Buildings and Roads
more airlines coming here opening up more U.S. and other gateways
tourism on the increase for the first time in 10 years
Cayman Brac’s Airport expansion is progressing well
Grand Cayman’s Airport expansion is planned
Dragon Bay Development will also come online

Published August 9, 2012