News
Gross financial mismanagement @ BVITB underscored in PwC investigation
ROAD TOWN, Tortola, VI- A leaked confidential comprehensive investigation by PricewaterhouseCoopers Advisory Services Limited (PwC) has provided critical insights into the financial and operational mismanagement at the BVI Tourist Board & Film Commission (BVITB&FC).
Skelton-Cline’s contract was reduced from $16K to $9K per month- CoI hears
WICKHAM'S CAY II, Tortola, VI- Permanent Secretary in the Premier’s Office Dr Carolyn O’Neal-Morton said because of the financial strain on the public’s purse, contracts, including the third contract between the Government of the Virgin Islands and Mr Claude O. Skelton-Cline for the post of Strategic Adviser, were reduced where possible.
BVIEC spending more than earning- Info in HoA reveals
DUFF’S BOTTOM, Tortola, VI- The Virgin Islands Electricity Corporation (BVIEC) may be raking in millions per year in revenues; however, this does not mean the Corporation is any better off.
‘Water & Sewerage a disaster’- Hon Mark H. Vanterpool
ROAD TOWN, Tortola, VI- Opposition member Honourable Mark H. Vanterpool (R4) has lamented the massive disparity between the revenue and expenditure of the Water and Sewerage Department (W&SD) and is calling for it to be governed by a statutory body.
$414M Budget for 2020 announced; No new tax measures!
ROAD TOWN, Tortola, VI- The Virgin Islands Party (VIP) Government that swept to power at the February 25, 2019 general elections has announced a 2020 Budget of $414,008,611 under the theme ‘Transformation for resilience and sustainability: SMART strategies, Empowered People, and Green Development’.
Premier Smith ignores Opposition Leader’s call for CDB loan breakdown
ROAD TOWN, Tortola, VI- Premier and Minister of Finance Dr The Honourable D. Orlando Smith (AL) has ignored the call by Opposition Leader and Representative for the First District, Honourable Andrew A. Fahie, to name the members of the Independent Recovery Agency Board and outline the plans for the spending and monitoring of the $65 million Caribbean Development Bank (CDB) loan.
UPDATE: Another $15M set aside for Reserve Fund in Budget
ROAD TOWN, Tortola, VI – During his Budget speech earlier today, January 13, 2014, Premier and Finance Minister Dr The Hon. D. Orlando Smith disclosed that another $15M has been set aside for the Territory’s Reserve Fund.
Territory needs mid-term status report from gov’t – de Castro
ROAD TOWN, Tortola, VI – Commentator Courtney de Castro has called for a report on the state of the Territory given burning questions that exist on the expenditure and priorities of government.
Is the VI public sector overgrown?
ROAD TOWN, Tortola, VI – Host of the Speak Out BVI radio show, Douglas Wheatley, has sounded a warning about wasteful spending and the possible overgrowth of the public sector in the Virgin Islands in the wake of a possible financial services sector crisis in the Territory.
College Bursar: Cafeteria & Road Town Bakery are drain on college
ROAD TOWN, Tortola, VI - The H. L. Stoutt Community College (HLSCC) is now a subject under the Ministry of Education and Culture. Appearing before this year’s Standing Finance Committee (SFC) to defend its government subvention College President Dr. Karl Dawson told the body that he receives 11 million dollars from central government.
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