Grand Cayman, 25 April 2023 – Parliament is scheduled to resume sittings tomorrow morning (Wednesday, 26 April) with the presentation of Government’s Strategic Policy Statement (SPS) as the highlight of the third meeting of the 2022-2023 session. 

 Premier Hon. Wayne Panton, who is also the Minister of Finance and Economic Development, will present the SPS Government’s outlook for the next three financial years and on its policy priorities. The SPS is a requirement under the Public Management and Finance Law (2018 Revision).

The SPS will include economic forecasts for each of the next three financial years as well as total financial targets for the core government for this period, relating to operating revenues and expenses, surpluses, borrowings, net worth and cash reserves. The SPS will present the Government’s broad and specific outcomes which establish the purpose and the reasons for the next budget.

The presentation will be followed by debate on the SPS by Members of Parliament during the meeting.

Other business expected to be concluded during this meeting are eight bills, parliamentary questions and a number of private member’s motions.