Cayman Island Govt Extends Electricity Assistance Programme

Cayman Island Govt Extends Electricity Assistance Programme

Cayman Island Govt Extends Electrical energy Help Programme

Your entire world is experiencing an exponential rise in price of residing bills; we’re undoubtedly going by means of probably the most difficult occasions in latest historical past and we as a authorities, but additionally every of us locally, should put together for the chance that it could be a while earlier than it will get higher. Though world inflation was already on the rise earlier than the COVID-19 pandemic hit, it has turn into extra of a difficulty up to now 12 months.

The Cayman Islands Authorities has taken greater than a dozen substantive actions and can proceed to work to decrease prices for a number of the most weak individuals in our society – lower- and middle-class households, our senior residents and post-secondary college students. We’re growing help programmes in order that our neighborhood is ready to deal with the turbulence that economists have indicated lies forward, whether or not that comes from an excessive climate occasion like a hurricane, or impression that comes from exterior financial forces like rising inflation and rising rates of interest.

To help the neighborhood with sharp will increase in electricty prices on account of gas worth hikes, we’ve prolonged the Electrical energy Help Programme till December 2022.

We prolonged the Electrical energy Help Reduction Programme till December 2022 to assist residents with electrical energy payments throughout this era of unusually excessive gas prices

· We supplied a gas price credit score to residents throughout all three islands to assist alleviate the value of electrical energy through the summer season of 2022

· We waived import obligation on sure meals gadgets and important household gadgets, akin to female care merchandise and child merchandise

· We donated $1.5 million to the R3 Cayman Basis to help with ongoing housing repairs locally for weak Caymanians

· We decreased the charges of presidency providers for Seniors

· We reintroduced non-public college grants to assist households that depend on non-public early childhood schooling centres and different schooling establishments

· We saved Caymanian households a whole lot of {dollars} in college lunch prices and made positive our kids had been in a position to obtain their greatest at school by receiving the vitamin they want

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