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Cayman Islands budget delayed

The Cayman Islands leader William McKeeva Bush has delayed this year’s budget as uncertainty continues over the territory’s finances, according to reports.

The second meeting of the 2009-2010 session of the Cayman Islands legislative assembly scheduled September 25 has been postponed until September 28 though a defnite date has not been set.

The session was postponed because dialogue between the government and Foreign and Commonwealth Office parliamentary under secretary Christopher Bryant is still continuing.

Reports say McKeeva Bush is still in talks with FCO officials hoping for permission to borrow funds from local banks to bridge hundreds of millions in deficits.

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