Almost $20M in NDP overspending, SAP clean-up @ Monday HoA!
However, one thing that was proven a lie was that the former Virgin Islands Party administration left the country broke, a line that the NDP told the people.
SAP of close to $20 Million
The Dr Smith-led Administration will bring to the Second Sitting of the First Session of the Third House of Assembly on July 6, 2015 a Motion to approve some nineteen million, four hundred and twelve thousand, nine hundred dollars ($19,412,900) of overspending that was not budgeted for.
However, the period of overspending by Government to be regularised via the Supplementary Appropriation Provision (SAP) was not given in the Order Paper released to the press late Friday July 3, 2015.
Further, no details were given on what the extra funds were used for and which Departments, Ministries or vendors benefited from the close to twenty million dollars in overspending.
Government to back $50M in loans
Meanwhile, the Government is back in your social security money again. They will back a loan provided by Social Security of $35 Million for the BVI Electricity Corporation to assist the Corporation with Phase V of its Development programme.
In addition, the Government will back another $15 Million for the BVI Ports Authority on top of the $35 Million the BVI Ports took out last year to finance the controversial ports development project.
The additional $15 Million Dollars will be borrowed by the Authority from First Caribbean International Bank (Cayman) Limited. `
Also on Monday July 6, 2015, at the second sitting since the general election, Ministers of Government will lay many departmental reports on the Table and pass a Duty Free Shopping System Bill. The cost-benefits of the Bill is not known, as the NDP administration has denied public debate or information on this Bill and plans to ram it through the House of Assembly by having all readings done on the same day.
The HoA Sitting will be carried live on CBN Channel 51 from 10:00am on Monday July 6, 2015.
46 Responses to “Almost $20M in NDP overspending, SAP clean-up @ Monday HoA!”
SAME S#$% DIFFERENT DAY!
Is this man going to sit there and allow his brother in law to bankrupt this country?
NDP strikes again. I would like to see a full Audit of the BVIHSA before the implementation of the NHI. I want to see all the contracts and expenditure at In****e Sol****** and the Executive bonuses and raises while no increments for staff and exorbitant service fees.
God don't like ugly but my word he does take long some times.
On a side I want to hear who has the lease on the Pier Park Land. We hear so much about Frazer in Sea Cows Bay why we can't hear about that Crown Lease? We all know but I want to see it in print
What is so cynical about this is, a bill will be passed on the 7th July making all buisnesses at the Port duty free. All other stores on Wickhams Cay will continue to pay their regular taxes. Now that makes sense?
Just a few years ago, a similar Bill was rushed through the House, which removed all duty on basic food items. The only people who benefitted from this gesture were the merchants who kept the savings and inflated their profits. Cl**** told the Doctor that this would enhance the Port's operations and he bought it hook line and sinker. With P*W and Cl**** running the Ministry of Finance what can one expect.
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AUDIT life. get dump and now bitter. Loser.