In delivering its 2000 budget, the Cayman Islands' government has predicted strong growth for the islands' economy this year. In his budget 2000 statement Financial Secretary George McCarthy said he expected government revenues to increase to $367 million up by 11.9% on last year.
Despite the Islands' reliance on import duties for nearly half of their income, the Government also announced in the budget that it will decrease tariffs on some food items. This move has been interpreted as a sign of the Government's confidence in the islands' booming economy.
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