Public Finance & Accountability
How public money is managed in the Cayman Islands under the Constitution, including the Consolidated Fund, appropriation, audit, and the Auditor General's role in ensuring financial accountability.
Section 111: Revenue and Expenditure
The Legislature shall have the authority to levy or change the rates of revenue unless otherwise provided by law.
Section 112: Reporting
At least one report annually shall be made to the Legislative Assembly on the Government's financial performance and fiscal position.
Section 113: Public Debt
Total Government borrowing shall not exceed an amount where the annual cost of servicing the debt and repaying the principal thereof amounts to more t...
Section 114: Auditor General
There shall be an Auditor General for the Cayman Islands who shall be appointed by the Governor.
Section 115: Financial Secretary
There shall be a Financial Secretary of the Cayman Islands who shall serve as the principal financial adviser to the Minister charged with responsibil...
Section 78: Assent to Bills
A bill shall not become law until the Governor has assented to it in Her Majesty's name and has signed it in token of such assent.