Premier and Minister of Finance, Honourable Andrew A. Fahie will present the Government’s annual Financial Statement, or Budget Address on Thursday, November 12 under the theme: INNOVATION: Building a stable, diverse, competitive economy with strong industries and partnerships for regional and international trade, by building and harnessing the creative capacity of our human capital.  

I am pleased to advise that the 2020 Budget was assented to by His Excellency the Governor on Friday, 20 December, 2019, and was also Gazetted on the same day.

The 2020 Budget was passed at the Second Sitting of the Second Session of the Fourth House of Assembly to the tune of $414,008,611.00.

The public is advised that the continuation of the Second Sitting of the Fourth House of Assembly scheduled for today for the Budget Debate has been postponed until Friday, December 13 at 10:00 a.m.

Minister for Education, Culture, Youth Affairs, Fisheries and Agriculture, Dr. the Honourable Natalio D. Wheatley has said that his ministry plays an important role in diversifying the economy of the Virgin Islands.

The Government of the Virgin Islands is seeking to amend the Climate Change Trust Fund Act to allow for greater access to various types of regional and international funding avenues to address issues relative to Climate Change and the environment.

The House of Assembly of the Virgin Islands is ensuring a smooth process for the passing of the Territory’s 2020 budget.

I move that the Bill shortly entitled the Appropriation Act, 2020 be read a second time as I invite this Honourable House to extend its customary indulgence as I deliver the Territory’s 2020 Budget Address.

Premier and Minister of Finance Honourable Andrew A. Fahie is expected to deliver the Territory’s 2020 Budget Address tomorrow Tuesday, November 19 during the Second Sitting of the Second Session of the Fourth House of Assembly. 

The 2019 Budget was passed at the Second Sitting of the First Session of the Fourth House of Assembly to the tune of $427.657.383.