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‘Public Debt’ is now 3 times higher than what’s left in the ‘Reserves’
ROAD TOWN, Tortola, VI - The National Democratic Party (NDP) government, is currently running a public debt that is three times more than what is left in the ‘Reserve Fund’ and to make matters worse, Revenue for 2018 is projected to fall below previous years.
The tape does not lie! Premier Smith did say $90M in bank!
ROAD TOWN, Tortola, VI- Premier and Minister of Finance Dr The Honourable D. Orlando Smith shockingly stated recently that he could not recall saying anything during the last elections campaign about his National Democratic Party government having some $90M in the bank.
Gov’t to review tendering process - Premier Smith
ROAD TOWN, Tortola, VI – Government has expressed concern about the high cost of infrastructural projects and in this vein, has resorted to embark on a review of the current tender process in place.
UPDATE: Getting rid of $12m with treasury closed is tall order – Hon Julian Fraser, RA
ROAD TOWN, Tortola, VI – “It doesn’t speak well for a government, Madam Speaker, to be constantly hoarding money when you owe people money and the people I am talking about are not the Rockefellers, I am talking about little Joe on the street…” this was according to Representative for the Third District Honourable Julian Fraser, RA.
‘I have to keep my eyes on Gov’t’ – Hon. Fraser
SEA COWS BAY, Tortola, VI – Reports given by Government in the House of Assembly on the reserve fund in the past few sittings have caused Representative for the Third District Honourable Julian Fraser, RA, to have raised eyebrow as to Government’s motives and trend of reporting.
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