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VI Gov’t spends $8.9M annually on renting office space- Premier Wheatley
PARAQUITA BAY, Tortola, VI- The Government of the Virgin Islands spends some $8.9M annually to rent office space, Premier and Minister of Finance Dr the Honourable Natalio D. Wheatley (R7) has disclosed.
UK must ‘temper their views’ regarding VI spending & finances– Dr the Hon Wheatley
ROAD TOWN, Tortola, VI- Deputy Premier and Minister for Education, Culture, Youth Affairs, Fisheries and Agriculture, Dr the Hon Natalio D. Wheatley (R7) has pointed out that increased scrutiny from the United Kingdom (UK) regarding spending in Overseas Territories like the Virgin Islands (VI) has resulted in some setbacks regarding progress.
Gov’t bringing revised budget due to COVID-19 revenue shortfalls
ROAD TOWN, Tortola, VI – Virgin Islands Premier and Minister of Finance, Hon Andrew A. Fahie (R1) has proposed a revised budget for 2021, considering the shortfall in projected national revenues.
Approval of Ministerial Political Advisors ‘adds salt to the wound’- Opposition Leader
ROAD TOWN, Tortola, VI- In a lengthy press release, which has already been dubbed as hypocritical and a slap in the face of Virgin Islanders, Opposition Leader Honourable Marlon A. Penn (R8) who had chastised the Virgin Islands Government to hastily open up the borders and has since been silent during the COVID-19 explosion, has broken his silence to lambast the decision of Cabinet to approve the hiring of Ministerial Political Advisors.
The inflation beast returns - but don't panic just yet
By Dickson C. Igwe
Now the challenge with inflation is that it increases the cost of living. Inflation when uncontrolled can be very damaging. And if economics is primarily about human behavior, then uncontrolled inflation damages consumer and business confidence which are the platforms upon which economics rests.
Gov’t spent $57.4M in unbudgeted COVID-19 expenses so far - Premier Fahie
DUFF'S BOTTOM, Tortola, VI – The COVID-19 pandemic in the Virgin Islands (VI) has so far cost the territory a whopping $57.4 million in direct expenses that were not initially budgeted for in 2020, Premier and Minister of Finance, Hon Andrew A. Fahie (R1) has revealed.
'Manage your money very, very wisely'- Hon Wheatley
ROAD TOWN, Tortola, VI- Minister for Natural Resources, Labour and Immigration, Honourable Vincent O. Wheatley (R9) has issued a call to persons in the Territory to be cautious when spending money in this COVID-19 era.
COVID-19… Harsher than I like but just as true as always
Alred C. Frett
Good Government is always for the People by the People:
As staunch supporters of Good Governance, we expect Governments to do what they think is right and, even if they fall short, we can appreciate their effort… I join in giving our Government that praise… However, until the Mission is accomplished, we would expect any good Government to welcome fair assessment and progressive ideas… That and nothing more is my objective.
'Funerals ain't cheap!' $17K spent on caskets in 9th District – Hon Vincent O. Wheatley
NORTH SOUND, Virgin Gorda, VI- Between Virgin Gorda and Anegada, Ninth District Representative and Minister for Natural Resources, Labour and Immigration, Honourable Vincent O. Wheatley revealed that $17,000 was spent in 2019 on caskets.
The Thrift Paradox
By Dickson C. Igwe
There are two types of player in the market economy: the producer and the consumer. Producers and consumers can be further described as savers and spenders; and lenders and borrowers. This is an important dichotomy of the marketplace.
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