s.12Advance approval of executive expenses and capital expenditure
12
Section 12Part 2 — Cayman Islands Parliament - Appropriation

Advance approval of executive expenses and capital expenditure

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12. (1) Subject to subsection (2), the Cabinet may authorise —
executive expenses for an output group, category of transfer payment or category of other executive expense; and
the acquisition or creation of executive assets, the making of loans or the making of equity investments, that are not included in an Appropriation Bill for a financial year.
Before an executive expense is incurred, an executive asset acquired or created or a loan or equity investment made in accordance with an authority granted under subsection (1), the approval of the Finance Committee of the Cayman Islands Parliament is to be obtained. Section 12A Public Management and Finance Act (2026 Revision) Page 18 Revised as at 31st December, 2025 c
The executive expenses incurred, executive asset acquired or created, or a loan or equity investment made in accordance with subsection (1) are to be included in a supplementary Appropriation Bill, which Bill shall be introduced in the Cayman Islands Parliament by the 31st day of March following the financial year to which the executive expenses relate. Extension Power in Emergency or for Exceptional Circumstance 12A. Power to extend 12A. (1) This section applies if either or both of the following (the “event”) occurs —
a state of emergency is proclaimed under the Emergency Powers Act (2006 Revision); or
an exceptional circumstance.
The Cayman Islands Parliament may, by a resolution passed during or after the event, extend any or all of the periods required under this Act —
to complete the Government budgeting process under sections 17 to 22;
for a document to be published by notice in the Gazette; or
for a document to be presented, or a Bill to be introduced, to the Cayman Islands Parliament.
The resolution shall state when each of the extended periods are to end.

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