British Virgin Islands Business News

The analysis of the latest events in BVI and worldwide, affecting BVI business environment; facts and statistics on BVI International Business Companies involved in global business activities.

Wednesday, December 26, 2012

Opposition Comments on Budget Debates


Opposition Member and First District Representative Hon. Andrew A. Fahie noted in his comments on budget of the Territory that the Opposition did its best during the recent budget debates in the Fifth Sitting of the Second Session of the Second House of Assembly held on December 17 and 18, 2012. He said that the Opposition tried to save the British Virgin Islands from certain projects that are being done “in a highly questionable manner”, but he did not specify what kind of projects these were.

During the budget debates, Hon. Christopher criticized the airport extension project and especially the fact that full cost of it was not given.

According to Hon. Fahie, “The Budget process also clearly proved from the figures provided by the Ministry of Finance that the last Administration did not leave the country broke; however, although the empirical data clearly states such, the current Administration continues with the same old Marketing plan that the VIP left the country broke.”

Hon. Fahie concluded: “Overall we did our best and will continue to do our best to help this Administration to understand that it has to better prepare our people for what is ahead.”

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