Premier of the Virgin Islands, Honourable Dr. Natalio D. Wheatley, delivered the 2024 Budget Address in the Virgin Islands House of Assembly earlier today, with a fiscal package totaling $382.67 million.

Deputy Governor, Mr. David Archer and Mrs. Archer, Financial Secretary Mr. Jeremiah Frett, Ministerial Colleagues, Honourable Members of this Distinguished House of Assembly, Specially Invited Guests, members of the Virgin Islands community viewing online and listening on the radio, members of the Media; a pleasant good day to everyone.

The British Virgin Islands (BVI) will welcome assessors from the International Monetary Fund (IMF) and the Caribbean Financial Action Task Force (CFATF) who arrive in the BVI next week to conduct the fourth round of mutual evaluation.

On Wednesday, February 15, Cabinet made the decision to begin issuing outstanding increments to public officers.

The National AML/CFT Coordinating Council (“NAMLCC”) is committed to ensuring that the Virgin Islands can effectively respond to any money laundering (“ML”), terrorist financing (“TF”) and proliferation financing (“PF”) threats that may impact the Territory and has taken various steps in this regard.

The Government of the Virgin Islands is moving forward with the necessary steps to enact a reduction from 7-percent (7%) to 3.5-percent (3.5%) on the money services levy.

The Government of the Virgin Islands is inviting tenders for the Construction of a New Social Home in Little Harbour #1 on Jost Van Dyke.

The Inland Revenue Department is introducing a new online Tax Receivable System to empower the taxpaying community and enhance tax collections.