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UPDATE: HoA Budget Debate abruptly rescheduled to December 18, 2023
ROAD TOWN, Tortola, VI- Late last night, December 11, 2023, around 10:30 PM, members of the media were informed that the Budget Debate scheduled for this morning December 12, 2023, has been postponed.
Budget 2024: Health Ministry projected to receive largest budgetary allocation
PARAQUITA BAY, Tortola, VI – The Ministry of Health and Social Development under Honourable Vincent O. Wheatley (R9) is projected to receive the largest budgetary allocation in the 2024 Budget, according to Premier and Minister of Finance, Dr the Honourable Natalio D. Wheatley (R7).
Education Ministry allocated $2.85M for capital projects in 2024 budget
ROAD TOWN, Tortola, VI – Virgin Islands (VI) Premier and Minister of Finance, Dr the Honourable Dr. Natalio D. Wheatley while delivering the 2024 Budget address has outlined the fiscal package which included funding for local education under Subject Minister Sharie B. de. Castro (AL) to the tune of $53.38M.
$20M allocated to Works Ministry for capital works in 2024 Budget
ROAD TOWN, Tortola, VI - The Ministry of Communications and Works under Hon Kye M. Rymer (R5) is set to receive 15.92% of the total budget or $74,950,000 to fund a variety of infrastructural development projects in the Virgin Islands (VI) as set out in the 2024 budget, including the expansion of the T.B. Lettsome International Airport.
Budget Standing Finance Committee (SFC) started today, Nov 23, 2023
ROAD TOWN, Tortola, VI - Two days after Premier and Minister of Finance, Dr the Hon Natalio D. Wheatley (R7) delivered the second budget address of his young premiership, the House of Assembly (HoA) has today November 23, 2023, gone into the Standing Finance Committee (SFC) of the House, for the proposed 2024 budget.
VIP Gov’t forecasting increased revenue from taxes in 2024
ROAD TOWN, Tortola, VI– The Government of the Virgin Islands (VI) is forecasting an overall revenue increase from its government services and taxes by $5.65 million over 2023 revenues to $382.67 million in 2024.
Some 60% VI public servants considered ‘working poor’- Premier Wheatley
ROAD TOWN, Tortola, VI– An adjustment of the Virgin Islands (VI) minimum wage is underway to improve wages for persons specifically in the public service, referred to as the ‘working poor” in the territory by the Premier and Minister of Finance, Dr the Hon Natalio D. Wheatley (R7), in his 2024 Budget Speech delivered on November 21, 2023.
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