s.26Pre-election economic and financial update
26
Section 26Part 0 — Government Budgeting

Pre-election economic and financial update

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Subject to subsection (4), not more than forty-two days, nor less than twenty-eight days before the day specified in a writ issued by the Governor under the Elections Act (2022 Revision) as the date for a general election, the chief officer of finance shall gazette a pre-election economic and financial update.
A pre-election economic and financial update shall include —
economic forecasts for the current financial year and for the next financial year, which shall contain the information set out in Schedule 1;
forecast financial statements for the core government and the entire public sector for the current financial year and for the next financial year which shall contain the statements and information set out in Schedule 2;
a statement specifying the date on which those economic forecasts and forecast financial statements were prepared;
an explanation of how the core government forecast financial statements accord with the principles of responsible financial management and, if those forecasts depart from those principles, the information required by section 14; and
the most recent Government quarterly report under section 29 published by notice in the Gazette when the update is prepared.
Repealed by section 30(b) of the Public Management and Finance (Amendment) (No. 2) Law, 2017 [Law 28 of 2017].
A pre-election economic and financial update shall not be required if a plan and estimates has been presented to the Cayman Islands Parliament less than three months before the date specified for a general election in a writ issued by the Governor under the Elections Act (2022 Revision).

Defined Terms

pre-election economic and financial updateeconomic forecasts

Cross References

Referenced By