Monday, November 08, 2010

Budget Crticised by BVI Opposition

The Leader of the Opposition of the British Virgin Islands, Dr Orlando Smith, came out with the critics of Premier Ralph O'Neal budget presentation. Mr Smith rated the Budget Address a six out of ten points and said that the Premier has failed to tell, among other things, about the new ideas how to insulate the territory from the global economic downturn and how to encourage local or foreign investments, even from the special committee chaired by the premier, which is to recommend new revenue measures for the territory.

The budget will be discussed by the heads of each ministry, department, unit and statutory board between November 22 and December 7.

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