News
VI Gov't to export waste oil; No revenue expected from programme!
SEA COWS BAY, Tortola, VI- Construction of a concrete base for about four storage tanks located behind the now-abandoned Ellis Thomas Downs in Sea Cows Bay on the main island of Tortola is well underway.
Bill amendment caused decrease in revenue @ Cabinet Office- SFC Report
ROAD TOWN, Tortola, VI- Not too often will you learn that a piece of legislation passed in the 15-member House of Assembly (HoA) has caused the Government to lose money.
High recurrent expenditure a concern for VI Gov’t
PARAQUITA BAY, Tortola, VI- Premier and Minister of Finance Dr the Honourable Natalio D. Wheatley (R7) has said his Government has the “difficult task” of balancing important obligations like paying salaries and operating government with the need to control recurrent expenditure at sustainable levels while delivering on a holistic development agenda.
Premier Wheatley presents $399,838,963 Budget for 2024
PARAQUITA BAY, Tortola, VI- Under the theme ‘Planning, Priorities & Progress - Building a Sustainable Nation’, Premier and Minister of Finance Dr the Hon Natalio D. Wheatley (R7) has presented a budget totalling &399,838,963 for 2024.
VI companies support 2.3M jobs & generate US$14B in tax revenues globally- Report
ROAD TOWN, Tortola, VI- The [British] Virgin Islands’ (VI’s) positive role in the global economy has been underscored in a new independent report launched today, March 29, 2023: ‘Beyond globalisation: The British Virgin Islands contribution to global prosperity in an uncertain world’.
Premier Wheatley presents $399.33M Budget for 2023
DUFF'S BOTTOM, Tortola, VI- In a Budget Address that lasted for more than 1 hour and 45 minutes, Premier and Minister of Finance, Dr the Honourable Natalio D. Wheatley (R7) presented a conservative budget of $399.33M for 2023, which represented a decrease of $21.17M compared to the revised budgeted expenditure for 2022.
Financial services carried VI when tourism industry was halted- Premier Wheatley
ROAD TOWN, Tortola, VI- “We see the wisdom of our predecessors when they chose to establish our financial services industry in the 1980s,” Premier and Minister of Finance Dr the Honourable Natalio D. Wheatley (R7) remarked in a statement on the 5th Anniversary of Hurricane Irma today, September 6, 2022.
VI Project Planning, Programming & Progress
Edgar Leonard
The following familiar motto is attributable to Benjamin Franklin, “if you fail to plan, you plan to fail.” Another familiar slogan for the British Army is, “preparation prevents piss poor performance.” The US Army equivalent is, “prior planning prevents piss poor performance.”
National Parks' fees 'need to be raised'- NPT Director Dr Titley-O'Neal
ROAD TOWN, Tortola, VI- A call has been made for Cabinet to look at ways to increase the fees for accessing and utilising parks under the National Parks Trust (NPT) to allow for the employment of additional staff for more effective management of the parks across the territory.
'Legal actions' needed for 50% remittance tax cut to take effect- Financial Secretary
ROAD TOWN, Tortola, VI- Persons sending monies out of the Virgin Islands (VI) via Western Union and Moneygram will notice that they are still paying a 7% tax on transactions, despite Government announcing it is slashing the fee by 50%.
.png)
.png)
.png)
Follow Us On
