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.

Monday, April 29, 2019

2019 Budget Passed by the House of Assembly


On April 26, following two days of debates, the House of Assembly of the British Virgin Islands has passed the budget 2019 with amendments; legally titled the Appropriation Act 2019, it has retroactively come into force on January 1, 2019.

The largest share of the budget is reportedly given to the Ministry of Health & Social Development. The Ministry of Education, Culture, Youth Affairs, Fisheries & Agriculture is the one to receive the second largest share, followed by the Ministry of Transportation, Works & Utilities.

The fourth most significant share of the budget was received by the Ministry of Finance and Ministry of Natural Resources, and the fifth one was received by the Ministry of Labour & Immigration.

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