Signed Protocols provide clear future for the VI - Premier
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.
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