Friday, December 20, 2013

Premier Addresses the House of Assembly with Medium Term Fiscal Plan

In addressing the House of Assembly on December 17, BVI Premier and Minister of Finance Dr. D. Orlando Smith was talking about the Medium Term Fiscal Plan of the BVI Government. By his words, the strategies and initiatives included on the plan over the next three years would have the purpose to ensure the fiscal sustainability of the British Virgin Islands, fostering economic growth, social development and investments into infrastructure. The Premier said that the strategic undertakings include channeling resources to health, social development, education, business and entrepreneurship development.

The Premier told the House: “The approach that we have taken is to first clearly articulate a development strategy which embraces Social, Economic, Environmental and Direction/Governance (S.E.E.D) themes and which provides the platform for advancing the promises we made to the people of this Territory…We have identified areas where we can make simple, but effective changes to the way Government conducts its fiscal affairs.” 

The BVI Government will continue to enhance its provision of services to the public, and at the same time improve the public finance management system.

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