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UPDATE: 2020 Budget Debate rescheduled to Friday, Dec 13, 2019

The 2020 budget debate that was scheduled for today, December 12, 2019, has been rescheduled to tomorrow, Friday, December 13, 2019. Photo: VINO/File
The debate on the $414M Budget begins today, December 12, 2019 at the Continuation of the Second Sitting of the Second Session of the Fourth House of Assembly in Road Town, Tortola. Photo: VINO/File
The debate on the $414M Budget begins today, December 12, 2019 at the Continuation of the Second Sitting of the Second Session of the Fourth House of Assembly in Road Town, Tortola. Photo: VINO/File
It was on November 19, 2019 that the Virgin Islands Party (VIP) Government led by Premier and Minister of Finance, Honourable Andrew A. Fahie (R1) presented a 2020 Budget of $414,008,611 under the theme ‘Transformation for resilience and sustainability: SMART strategies, Empowered People, and Green Development’. Photo: VINO/File
It was on November 19, 2019 that the Virgin Islands Party (VIP) Government led by Premier and Minister of Finance, Honourable Andrew A. Fahie (R1) presented a 2020 Budget of $414,008,611 under the theme ‘Transformation for resilience and sustainability: SMART strategies, Empowered People, and Green Development’. Photo: VINO/File
ROAD TOWN, Tortola, VI – The 2020 budget debate scheduled for today, December 12, 2019, has been rescheduled to tomorrow, Friday, December 13, 2019.

This was confirmed by House of Assembly (HoA) Public Relations Officer, Mr Linton V. Leonard via a release to the media.

It is unclear the reason for the change; however, Mr Leonard noted that the HoA will resume at 10:00 am sharp for the continuation of the House.

Virgin Islands News Online (VINO) will provide full coverage of the event.

See previous story published this morning, December 12, 2019

2020 Budget Debate starts today, Dec 12, 2019

- HoA Sitting scheduled for 10:00 am @ chambers in Road Town

ROAD TOWN, Tortola, VI- The debate on the $414M Budget presented by Premier and Minister of Finance, Honourable Andrew A. Fahie (R1) begins today, December 12, 2019 at the Continuation of the Second Sitting of the Second Session of the Fourth House of Assembly in Road Town, Tortola.

It was on November 19, 2019 that the Virgin Islands Party (VIP) Government presented a 2020 Budget of $414,008,611 under the theme ‘Transformation for resilience and sustainability: SMART strategies, Empowered People, and Green Development’.

Delivering the Budget Address, Honourable Fahie also listed a number of plans for his government, many of which are aimed at bringing in revenue to the territory and stimulating economic growth.

According to the Premier, as the Territory continues to move forward with its recovery, its Government will not stifle the people with any new tax measures. “We strongly believe that we will be able to meet our targets for revenue, expenditure and debt without putting undue burden on the people of this Territory.”

The continuation of the Second Sitting of the Second Session of the Fourth House of Assembly is scheduled to begin at 10:00 am.

For full coverage: Log in to House of Assembly BVI on Youtube at https://www.youtube.com/channel/UCVDl37r5uaMsdQkgzFkXAJg

Or Tune in to ZBVI 780AM; CBN Radio 90.9FM or FLOW TV Channel 101.

5 Responses to “UPDATE: 2020 Budget Debate rescheduled to Friday, Dec 13, 2019”

  • qc (12/12/2019, 10:39) Like (1) Dislike (0) Reply
    we hurting get some money on the streets
  • homegrown (12/12/2019, 14:45) Like (1) Dislike (0) Reply
    $414 million dollar budget for a territory with just about 30,000 people. Wtf do they do with this money? It sure as hell don't make life for the majority any better.
  • Diaspora (12/12/2019, 15:01) Like (2) Dislike (0) Reply
    “Transformation for resilience and sustainability: SMART strategies, Empowered People, and Green Development’.” Nice catchy jingle. But? Undoubtedly, the VI budget needs some structural adjustments. Budgets have been increasing over the years while the quality and level of service delivery is diminishing. Productivity, accountability and budget execution need review and assessment. Further, the high cost of employee compensation needs to be reduced.The 2019 projected budget is $414M. Per Wikipedia, the VI has an approximately GDP of $1B, per capita income of $34K (19th in the world)......etc. What is expected outcome? Nuff stuff on bucket list: health, education, environment, economy, infrastructure (roads, water, sewage, electricity, drainage, gas), transportation (road, airport, seaport, ferry, parking), sports and recreation, retirement unfunded liability, social services, tourism, constitutional review, policies and procedures update......etc Here are some stats for 2017-2019(projected):

    2018
    1. Total revenue=$311M
    2. Total expenditure=$339
    3. Employee Compensation =$122M (36% of exp)

    2019 (projection)
    1. Total revenue=$362M
    2. Total expense=$331M
    3. Employee compensation =$120M (36% of exp)

    2017
    1. Total revenue=$323M
    2. Total expenditure=$281M
    3. Employee compensation =$121M(43% of exp). Territory decimated by a 100-year flood and two monster cat 5 hurricanes in 2017.
  • ccc (12/12/2019, 22:21) Like (0) Dislike (1) Reply
    Heard it had fights in the back room
  • Watchers (12/12/2019, 22:55) Like (0) Dislike (0) Reply
    No increment for the national all security again 12.12.2019. What the .. Is going on in the countryman's


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