No money issues in VI – Premier Fahie

Further, the Premier says that the VI doesn’t have any financial issues as was previously thought, rather, poor spending and poor management of finances have always been the Achilles' heel of the Territory and the VIP government is taking steps to address that.
Game Plan
“We have to stay on top of our game, and one of the things that we are doing is getting all the areas of our financial services sector, the private sector… international finance centre, those who are working on the Economic Substance, to come together in one room to come up with a game plan that will assist in us making a transition for economic substance,” he said in an interview at the VI House of Assemble (HoA) on Tuesday, April 2, 2019.
Further, Premier Fahie says that even if there are sanctions that will come as a result of happenings in the sector, he says that people tend to look at the negative side, rather, seeing the positives that can come out of the situation.
“If we’re going to get more people to have to do business here physically, than we have to prepare our people for what we have to do to allow them to be ready for that opportunity,” Hon Fahie said while noting that each unit of the financial sector will work collaboratively while still respecting their individual role.
Good Finances
“I always said even in the opposition, during the campaign and now, we do not have a money problem, every government that goes in there performs well financially. The problem what we have as of late is a management problem,” the Premier implored.
Further, Hon Fahie says that will all decision his new government makes, the goal in to ultimately improve the lives of the people in the territory and improve the various sectors.
“So we want to make sure that we put in the mechanisms to make sure that we avoid wastages, avoid corruption make sure that people’s money hit its target and more people can benefit from the money that we make.”


7 Responses to “No money issues in VI – Premier Fahie ”
If the VI does not have a money problem, why is the recovery process as slow as molasses? Why is it so slow in accessing the CDB $65M loan, UK co-signed $400M........etc. Do not piss on us and tell us it s raining