Section 32Part 0 — Powers and Duties of Minister of Finance
Duties of Minister of Finance
←→ Navigate · Click subsection badges to collapse · Press ? for help
The Minister of Finance shall —
oversee the management of the finances of the core government and the entire public sector;
undertake the financial transactions specified in section 34;
advise the Cabinet on the budget process for the following financial year to be established in accordance with section 17;
ensure that the forecast financial statements required by sections 24 and 26 are prepared by the chief officer of finance and ready for presentation in accordance with those sections;
bring to the Cayman Islands Parliament's attention any divergence between the fiscal policy of the core government and the principles of responsible financial management specified in section 14;
ensure that the reporting requirements for the Government established by sections 29 and 29A are complied with; and
prior to the commencement of the detailed planning and budgeting phase of the budget process required by section 17, set the capital charge rate for the next financial year.
Cross References
Referenced By
- Section 41 — Further duties and powers of, and prohibitions on, ministries and portfolios
Capital charge rate reference
- Section 17 — Budget process
section 32(c)