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No money issues in VI – Premier Fahie

-Says ‘poor management’ has been Achilles’ heel with past gov'ts
The Premier says that the VI doesn’t have any financial issues as was previously thought, rather, poor spending and poor management of finances have always been the Achilles heel of the Territory and the VIP government is taking steps to address that. Photo: Facebook/File
“If we’re going to get more people to have to do business here physically, than we have to prepare our people for what we have to do to allow them to be ready for that opportunity,” Hon Fahie said while noting that each unit of the financial sector will work collaboratively while still respecting their individual role. Photo: Internet Source
“If we’re going to get more people to have to do business here physically, than we have to prepare our people for what we have to do to allow them to be ready for that opportunity,” Hon Fahie said while noting that each unit of the financial sector will work collaboratively while still respecting their individual role. Photo: Internet Source
ROAD TOWN, Tortola, VI – Premier and Minister of Finance, Hon Andrew A. Fahie (R1), says that with the Virgin Islands Party (VIP) in government and budget estimates in place, the main objective now is to make sure that all the various parts of the Virgin Islands (VI) financial services sector is working together as a unit so that they can overcome challenges.

Further, the Premier says that the VI doesn’t have any financial issues as was previously thought, rather, poor spending and poor management of finances have always been the Achilles' heel of the Territory and the VIP government is taking steps to address that.

Game Plan

“We have to stay on top of our game, and one of the things that we are doing is getting all the areas of our financial services sector, the private sector… international finance centre, those who are working on the Economic Substance, to come together in one room to come up with a game plan that will assist in us making a transition for economic substance,” he said in an interview at the VI House of Assemble (HoA) on Tuesday, April 2, 2019. 

Further, Premier Fahie says that even if there are sanctions that will come as a result of happenings in the sector, he says that people tend to look at the negative side, rather, seeing the positives that can come out of the situation.

“If we’re going to get more people to have to do business here physically, than we have to prepare our people for what we have to do to allow them to be ready for that opportunity,” Hon Fahie said while noting that each unit of the financial sector will work collaboratively while still respecting their individual role.

Good Finances

“I always said even in the opposition, during the campaign and now, we do not have a money problem, every government that goes in there performs well financially. The problem what we have as of late is a management problem,” the Premier implored.

Further, Hon Fahie says that will all decision his new government makes, the goal in to ultimately improve the lives of the people in the territory and improve the various sectors.

“So we want to make sure that we put in the mechanisms to make sure that we avoid wastages, avoid corruption make sure that people’s money hit its target and more people can benefit from the money that we make.”

 

7 Responses to “No money issues in VI – Premier Fahie ”

  • ShaSha (06/04/2019, 12:19) Like (8) Dislike (3) Reply
    You all need to deal with persons who dont have roof and home i have been calling about my application for my 75 year old father when u call them giving u attitude concerning your application .tell the people whats going on.
    • AHEM (06/04/2019, 14:57) Like (28) Dislike (4) Reply
      You might want to consider that it is your moral responsibility to deal with a roof and home for your papas and not the Gov. Then your patience would become more tolerant as you realize that it is really not the responsibility of Gov. But just in case I am mistaken, then I want a roof and home for my 80 year old self and each of all my kinfolks over a certain age.
  • ann (06/04/2019, 15:43) Like (37) Dislike (13) Reply
    Fahie is the best premier ever
  • just asking.... (07/04/2019, 00:21) Like (3) Dislike (12) Reply
    So does it mean he not going to push to lock up them NDP crooks?
  • Disinterested (07/04/2019, 13:22) Like (9) Dislike (0) Reply
    Here is news flash. Despite the Premier’s proclamation, the VI does have a money problem. I could be wrong but over the months prior to the election, there was constant cry that government was corrupt and bruk. Now, the stop the press for the VI does not a money problem This is why politicians are some of least trustworthy people; they speak out of three sides of their mouth. The political maturity and experience of government is showing. Too much shooting from the hip. The territory needs to standdown, conduct an assessment of condition on the ground and formulate plan for the way forward. No doubt the former government didn’t demonstrate effective financial stewardship. Government is typically wasteful. The VI has a money problem.

    If the VI does not have a money problem, why is the recovery process as slow as molasses? Why is it so slow in accessing the CDB $65M loan, UK co-signed $400M........etc. Do not piss on us and tell us it s raining
  • Bla (07/04/2019, 18:49) Like (4) Dislike (3) Reply
    NDP is the best


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