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Compass News
Paper Preview
The latest Cayman Compass newspaper hit the shelves just hours ago, and we’ll have a sneak peek for you every Friday morning in our “Paper Preview”.
This week, we’re getting the inside scoop from Cayman Compass journalist Simon Boxall.
| 00:06:50
Cayman Compass
Strong financial report casts doubt on pre-election forecast
Better-than-expected financial results for the first quarter of the year have led to calls by the opposition PPM party to reevaluate a pre-election report that forecast a $26.2 million government deficit by the end of 2025.
As the newly inaugurated government, led by the National Coalition For Caymanians, says it’s working to tighten the budget to avoid a financial fallout, the opposition isn’t sure a deficit was ever on the horizon.
Former tourism minister Kenneth Bryan, now an opposition MP for George Town Central, said, in light of the quarterly results, he no longer expects a year-end deficit and wants the pre-election report, released weeks before the 30 April election, to be amended to reflect that.
