News
BVIEC & W&SD to merge in 2025
ROAD TOWN, Tortola, VI- The BVI Electricity Corporation (BVIEC) and the Water and Sewerage Department (W&SD) will be merged in 2025.
$483,738,163.00 Budget passed for 2024; Opposition got $200,000 for HoA works
ROAD TOWN, Tortola, VI- The 2024 Appropriation Act, referred to as the National Budget, was passed late last night Tuesday, December 19, 2023, in the House of Assembly (HoA).
‘Absolutely no credibility’ to reports of cutting Civil Service- David D. Archer Jr
BAUGHERS BAY, Tortola, VI- It has long been a talk that the United Kingdom (UK) has been pressuring the Government of the Virgin Islands to reduce the number of persons employed in the Public Service, especially since a significant percent of the National Budget goes towards employee remuneration.
UPDATE: Motion to reduce money transfer levy to 3.5% passed in HoA
ROAD TOWN, Tortola, VI– The Resolution to reduce the money transfer services levy from 7 % to 3.5%, as well as amend the categories to benefit from the funds collected, has been passed in the House of Assembly (HoA).
‘Great time’ for sports as line item in Nat’l Budget– Premier Wheatley
ROAD TOWN, Tortola, VI– Virgin Islands Premier and Minister of Finance, Dr the Hon Natalio D. Wheatley (R7) says now is a great time for the addition of Sports as a line item in the national budget.
Premier Fahie 'proudly' presents $397.17M Budget 2022
DUFFS BOTTOM, Tortola, VI- Premier and Minister of Finance Honourable Andrew A. Fahie (R1) minutes ago, November 11, 2021, presented a $397.17M Budget for 2022, a 4th national budget in less than three years and done in timely fashion despite the challenges of the pandemic and burden of the ongoing United Kingdom-backed Commission of Inquiry (CoI).
‘This budget frightens me’- Hon Maduro-Caines
ROAD TOWN, Tortola, VI- Opposition Member and Sixth District Representative, Hon Alvera Maduro-Caines has said something must be done about the rising recurrent expenditure in national budgets.
Where did the $$ go? Caller disappointed in Gov’t for past 4 years
ROAD TOWN, Tortola, VI- It has been well over two months that the National Democratic Party (NDP) Government was booted from office by the Virgin Islands electorate; however, the people continue to voice their dissatisfaction of the former administration.
My position on finances of Territory misinterpreted in HOA- Hon. Christopher
ROAD TOWN, Tortola, VI – “The BVI does not have a financial problem, what we have in the BVI is a management of resources problem,” said Hon. J. Alvin Christopher as he put a different twist to the much talked about infrastructural and financial problems the Virgin Islands has reportedly found itself in.
Discussions on CDB loan to resume
ROAD TOWN, Tortola, VI- Discussions between Her Majesty’s Government (HMG) and the Government of the Virgin Islands (VI) on the much debated loan, which was approved for the Virgin Islands by the Caribbean Development Bank (CDB) is to resume after the passing of the Territory’s budget.
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