House of Assembly resumes March 15, 2018; It’s Budget Day
Although weakened as the Minister of Finance, Premier Smith will deliver his budget address to the people of the Virgin Islands (VI) on Thursday March 15, 2018 when the House of Assembly meets for its Second Sitting of the Third Session of the Third House of Assembly (HoA).
Order Paper not public; Vote on UK framework?
Members of the House will meet at the Chambers in Road Town at 10:00 AM. While our newsroom has not had sight of the Order Paper, it is unclear what the other business of the HoA will be. Many persons are anticipating a showdown over the vote on the terms and conditions of the loan guarantee as the ruling party is split over the conditions.
The two Opposition Members Hons Andrew A. Fahie (R1) and Julian Fraser RA, (R3) are expected to vote “no.”
Premier Smith blamed members of his own NDP for erecting a sign in the capital city, Road Town, last month, asking residents to call their elected representatives to ask them to vote “no” on the UK Framework for the BVI recovery plan.
The HoA Meeting will be carried live on CBN Radio Station's 90.9 FM.
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Breakdown of budget figures:
Anticipated revenue from local operations $330,000,000.00
Anticipated loan funds (741,000,000/5yrs.) $148,200,000.00
UK/EU grant $10,000.000.00
TOTAL $488,200,000.00
Betts on.