Deputy Governor Responds to OAG Report

By: CIG Public Relations -   

The Cayman Islands Government acknowledges the Office of the Auditor General’s latest report, “Improving Financial Accountability and Transparency, Long-Term Financial Sustainability, 2025”, which can be viewed at www.auditorgeneral.gov.ky .

The report focuses on the Cayman Islands Government’s approach to planning for, monitoring and reporting on long-term financial sustainability. The Auditor General made six recommendations in the report related to assessing the long-term financial impact of risks and cost pressures, estimating and budgeting for the financial consequences of policy commitments, strategies, plans and legislation. It also recommends reporting on long-term financial sustainability and creating an independent mechanism for fiscal review and forecasting.

In commenting on the result of the audit Deputy Governor Honourable Franz Manderson stated, “The Cayman Islands Government welcomes the audit scrutiny of its processes, controls and systems. This will allow for continuous improvement, compliance, and efficient management of government resources.”

He further said, “The CIG notes the recommendations by the Office of the Auditor General, and, where applicable and feasible, these recommendations will be implemented. Government will consider the issues identified in the report and, where necessary, the Ministry of Finance and Economic Development will take the lead in outlining strategies to address them. The Civil Service remains committed to supporting the elected government in the effective implementation of policy decisions and we will continue to improve our approaches to promote further growth, sustainability and the development of our country and people.”