Cayman Islands. Budget Plans and Estimates 2022-2023

Abstract:

This document also specifies the expenditure appropriations being requested to fund those policy actions. The appropriation requests form the basis of The Appropriation (Financial Years 2022 and 2023) Bill, 2021.

The 2022 and 2023 Budgets will cover the next two financial years - i.e. 1 January to 31 December 2022 and, 1 January to 31 December 2023. The appropriations for each financial year will not expire on 31 December of that financial year. If there are any unused appropriations at 31 December 2022, these unused amounts will be carried forward to the 2023 financial year. Conversely, it will be possible to use appropriations approved for the 2023 financial year, to incur expenditures in the 2022 financial year.

The P&E summarises the planned actions and financial performance at an overall Government level. The performance expected of individual Government agencies, Public Authorities and Non-Governmental Organisations supplying outputs, is provided in three other sets of documents that accompany the P&E, namely the Budget Statements, Purchase Agreements and Ownership Agreements.