News
“Heated” 2012 Budget Debate anticipated today
ROAD TOWN, Tortola, VI – The 2012 Budget Debate is anticipated to be a heated one today March 22, 2012 when the Fifth Sitting of the First Session of the Second House of Assembly (HOA) begins.
$13M for capital projects will affect sluggish economy – Christopher
ROAD TOWN, Tortola, VI – Describing the budget as a survivable one, 2nd district representative Hon. Alvin Christopher is a bit worried that Government is putting too much money into the reserve fund too soon when there are capital projects outstanding to improve the lives of residents.
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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