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January 29th, 2018
Premier Smith ignores Opposition Leader’s call for CDB loan breakdown

ROAD TOWN, Tortola, VI- Premier and Minister of Finance Dr The Honourable D. Orlando Smith (AL) has ignored the call by Opposition Leader and Representative for the First District, Honourable Andrew A. Fahie, to name the members of the Independent Recovery Agency Board and outline the plans for the spending and monitoring of the $65 million Caribbean Development Bank (CDB) loan.

January 13th, 2014
UPDATE: Another $15M set aside for Reserve Fund in Budget

ROAD TOWN, Tortola, VI – During his Budget speech earlier today, January 13, 2014, Premier and Finance Minister Dr The Hon. D. Orlando Smith disclosed that another $15M has been set aside for the Territory’s Reserve Fund.

May 30th, 2013
Territory needs mid-term status report from gov’t – de Castro

ROAD TOWN, Tortola, VI – Commentator Courtney de Castro has called for a report on the state of the Territory given burning questions that exist on the expenditure and priorities of government.

April 18th, 2013
Is the VI public sector overgrown?

ROAD TOWN, Tortola, VI – Host of the Speak Out BVI radio show, Douglas Wheatley, has sounded a warning about wasteful spending and the possible overgrowth of the public sector in the Virgin Islands in the wake of a possible financial services sector crisis in the Territory.

April 2nd, 2012
College Bursar: Cafeteria & Road Town Bakery are drain on college

ROAD TOWN, Tortola, VI - The H. L. Stoutt Community College (HLSCC) is now a subject under the Ministry of Education and Culture. Appearing before this year’s Standing Finance Committee (SFC) to defend its government subvention College President Dr. Karl Dawson told the body that he receives 11 million dollars from central government.

January 11th, 2012
VI worst off due to previous Gov't's failure to take hard cost cutting measures – FS

ROAD TOWN, Tortola, VI – The decision to reduce expenditure in the civil service by more than $13 million this year could have been less dramatic had the previous Government made some “significant decisions” in 2010 when it introduced several cost cutting measures which has now put the Virgin Islands in a worst financial position.

January 10th, 2012
More than $13M cut in Public Service for reserve fund

ROAD TOWN, Tortola, VI – A recent decision by Cabinet to increase its reserve fund has led to a cut of more than 13 million dollars for expenditure in the public service, which is reflected in a 50 percent reduction in employees’ performance increments and seven percent of operational expenditure in government departments.


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