BVI Premier Presented Budget for This Year

British Virgin Islands Premier and Minister of Finance Dr D Orlando Smith presented BVI budget for the current fiscal year, of just over US$330 million. The budget of the previous year was US$311 million. The budget of fiscal year 2016 is one of the largest budgets presented by any of governments in the region, and the first since Smith’s party won in general elections held this year.

On February 8, BVI Premier presented his budget speech in the House of Assembly, where stated that projections for recurrent spending have been placed at $286,512,400, in addition to projected revenues of exactly $330,846,500.