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Signed Protocols provide clear future for the VI - Premier

- Premier Smith says Protocols gave an insight on the VI's goals and how to achieve them
Minister for Finance, Premier Dr. D. Orlando Smith says the Virgin Islands will be able to manage its finances in a modern and planned way, provided by the protocols signed on April 23, 2012.
ROAD TOWN, Tortola, VI - Minister for Finance, Premier Dr. D. Orlando Smith stated that the Virgin Islands (VI) is solely leaning on the Protocols for Effective Financial Management that was signed with Henry Bellingham, United Kingdom Minister for the Overseas Territories on April 23 2012, and that the Protocols play a vital role in helping to establish where to go as a Territory and in choosing the right road to get there.

Premier Smith was speaking in the House of Assembly (HOA), yesterday May 10, 2012, where he was addressing the financial management of the Territory.

The Premier told the House that the protocols signed is an essential tool for the future of the Virgin Islands and will offer guidance on where the Territory should be and what they need to do to get there.

“They reflect my Government’s determination to help this Territory step up a gear and to ensure that we continue to punch above our weight in an increasingly sophisticated and complex world.”

The Minister of Finance stated that the Protocols provide an easier way, where the Virgin Islands can manage finances in a modern and planned way.

“It commits us to effective medium-term planning and to transparency, to more accurate measurement and reporting of our fiscal and economic data, to better value for money and to more effective management of risk,” said the Premier.

Premier Smith further stated that the Protocols offer a clear insight on the goals of the Territory and a clear and effective way that it can attain this goal through planning. Hon. Smith said that in the future of the Virgin Islands, ‘Planning’ will be an integral part of how the country operates.

The Premier told the House that in the future, through the use of the Protocols, the Government will be able to use recognised and accepted methods to make projections and then use those projections to investigate, develop and modify the Territory's national policy.

3 Responses to “Signed Protocols provide clear future for the VI - Premier”

  • my two cents (11/05/2012, 08:10) Like (0) Dislike (0) Reply
    Is Dr. Smith telling tail out of school???? How come despite all the questions asked we never heard Henry Bellingham ever never saying the same thing Smith here so saying that our budget does not have to be approved by the UK?????? Things that make you want to go ummmmmmmmmmmmmm.
  • ndp youth arm (11/05/2012, 10:45) Like (0) Dislike (0) Reply
    He too lie
  • facts (11/05/2012, 23:52) Like (0) Dislike (0) Reply
    all dr. smith does is read whatever he is given so I have no faith in him


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