Premier Wheatley presented largest budget in VI's history of over $550M
The budget themed, 'Pillars of Progress – Building a Sustainable Nation', was presented during the Twelfth Sitting of the Second Session of the Fifth House of Assembly (HoA) on Thursday, November 6, 2025.
It represents an increase of $61,891,129.00 compared to the $488,699,871.00 budget for 2025, which was passed in the HoA on Monday, November 11, 2024.
Premier Wheatley said the government anticipates fulfilling its commitments to the public with the proposed budget.
"This is the biggest budget in the history of these Virgin Islands. This is comprised of projected revenue, collections of four hundred and forty-six million, sixteen thousand, four hundred [dollars]," he said.
Recurrent expenditure totals $442,262,500.00
Of the total budget, $442,262,500.00 will go towards recurrent expenditure.
"Supplemented by existing loans totalling $54,897,0800.00 and contributions from existing fund balances amounting to $49,675,851.00. In summary, the budget supports an estimated recurrent expenditure of $442 262,500.00."
Dr Wheatley added that the government will take bold steps to refinance two loans through balloon payments with a total of $7,000,900.
"This move is expected to improve our debt servicing, as it frees up immediate cash flow for other political investments and budgets. Our budget requires a careful balance to ensure our government's priorities are properly resourced, well complying with the fiscal requirements under the public finance management, and other legislation and policies and allegations under protocols for effective financial management.’’
Capital Expenditure & projected revenue
Additional allocations include debt servicing, with principal repayments of $20,811,000.00, and capital expenditure totalling $79,969,600.00.
"The projected expenditure program will be financed by $46,997,800.00, including existing CIBC and CDB RRL loans, $12,298,500.00 from the consolidated fund, $12,688,300.00 from the development fund, and $1,100,000.00 from the transportation network improvement fund," the Premier explained.
Committed to funding major projects
He expressed his commitment to funding ministry projects, although the current finances do not allow for the funding of all projects and programs.
"We remain steadfast in fulfilling our mandates in the best interest of the Virgin Islands. Ministries and other agencies will receive allocations in the 2026 budget to deliver their services to the public in the following amounts," he said.
Ministries allocations
"Constitutionally established departments will receive a total of $20.4 million," Premier Wheatley revealed,
The breakdown is as follows:
- The Governor's Group (including the Deputy Governor)- $60.7 million
- Premier's Office- $21.9 million
- Ministry of Tourism, Culture and Sustainable Development- $19 million
- Ministry of Financial Services, Economic Development, and Digital Transformation- $23.2 million.
- Ministry of Finance- $38 million
- Ministry of Environment, Natural Resources, and Climate Change- $18.2 million
- Ministry of Education, Youth Affairs and Sports- $76.2 million
- Ministry of Health and Social Development- $87.6 million
- Ministry of Communications and Works – $101.3 million
- Pensions, Public Debt and Funds Contribution – $69.7 million
- Miscellaneous Expenditure – $6.9 million
- Fund Contributions (mandated by law) – $7.5 million
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19 Responses to “Premier Wheatley presented largest budget in VI's history of over $550M”
How do you know what is happening with our finances f you have no accounts for the last 8 years?
Where is the $5 million?
Where is the $20million?
Can we see the airport report now?
How many concerts are you paying for?
1. Some will be spent wisely.
2. Some will be used foolishly.
3. Some will disappear lik!e a forgotten after we have awakened, not be remembered, but will be talked about for years after 2026 has already come and gone.
Swing and miss strike 3. Game over.
Next: 2027.
He need to stop selling out our country while on those trips abroad
if that is so i doubt we would of had the bank of asia scheme, pier park, bvi airways, bi water, covid grants, poorly made roads, unfixed buildings from since 2017.
But hey maybe the governor telling them to do more parties and flights out the country so they can take the load off from all the "hard work".
blinded by ignorance just like the young people who see ntn wrong with the current culture of -minors dressed half naked, minors smoking and drinking, minors at festival events listening to songs about sex drugs gangs violence guns and fast life, minors at jueve dry humping and fighting one another over man and woman...
then they turn around and wonder why it got so much robberies and when police catch them is minors who still in school....
them just following what yall promote and expose them to constantly...cant party and look fresh if yah broke......cant show off and look like yah got bling and money if you ain gotta job or a degree so guess whats next?? robbing people at gun point and getting other female minors to help and execute criminal operations.... or join the coco trade to make fast cash... can't buy weed to smoke yah brains out if yah broke right? you promote all these things and call it culutre then youths take it and run with it to the fullest extent.. have any of you listen any of the lastest dancehall songs? sit down and really listen to the lyrics that is being blasted in the youths ears at parties,clubs and events.... then it doubles down with the current lifestyle we ednorese here.... so much single mothers for drugman,badman,partyman,streetman,gunman etc then those kids come out just as bad or worst than their parents..no home training smh
Join the VIP government..
"This move is expected to improve our debt servicing, as it frees up immediate cash flow for other political investments and budgets."
The Speaker of the house Ms.Corine George looks lovely. She's beautiful as always. Dont let these numbskulls give you stress on that beautiful face. Ladies you can still be attractive without showing everybody your birthday suit.