Beautiful Virgin Islands

Sunday, Mar 29, 2026

Adjusting budget is about being 'cautious' & not broke- Premier Fahie

Adjusting budget is about being 'cautious' & not broke- Premier Fahie

After Premier and Minister of Finance, Hon Andrew A. Fahie (R1) recently disclosed that Government is proposing an adjusted budget for 2021, considering the shortfall in projected national revenues, the Opposition was quick to suggest that the territory is broke.

Premier Fahie has; however, dispelled those rumours being propagated by the Opposition, assuring the Virgin Islands that the rumours are far from the truth.

‘Signs of being cautious’


“But Mr Speaker, to say that all the revenue makers are where we would like them to be, no, but just like your private account, or your private finances, if you see that your income dips a little bit before you go into a deficit you make adjustments. And we have made adjustments just like we did last year. It’s not the first time and just like we had to do in 2017. So let no one fool you that adjusting budgets show signs of being broke,” Hon Fahie stated during the continuation of the 11th Sitting of the 3rd Session of the 4th House of Assembly held virtually on September 9, 2021.

According to Hon Fahie, the Government’s decision to adjust the budget “shows signs of being cautious”, especially since COVID-19 is still present, it is the middle of the hurricane season and the VI is also vulnerable to earthquakes.

“So we have to tread lightly because he who keeps watch, like Honourable Sharie de Castro reminded me some day, has to keep the time.”

Premier Andrew A. Fahie (R1) has assured that adjusting the budget will not prevent the Government from trying to help every district as much as it can with limited resources but high demands.


All districts will still be helped


Hon Fahie also assured that adjusting the budget will not prevent the Government from trying to help every district as much as it can with limited resources but high demands.

Speaking on Friday, September 3, 2021, during a press conference on cruise passengers and the BVI Gateway systems, Premier Fahie announced that Government will be bringing "a revised budget very soon, to make sure that persons stay within lines so that we do not get involved in deficit spending. So that we do not have to cut public officers' pay or cut public officers from the payroll.”

He added that even with the cut in spending, jobs will remain intact and that the government is projected to pay increments due for 2017, as well as execute its plans for job reclassification and salary reviews.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Thousands Rally in London to Oppose Rise of Far-Right Movements
Hong Kong Official Rejects Allegations of Surveillance Orders Targeting UK-Based Dissidents
PayPal Expands Cryptocurrency Services to Allow UK Users to Buy and Sell Bitcoin
UK Minister Challenges Reform Party’s ‘Pro-Family’ Agenda as Debate Intensifies
Concerns Grow Over Meningitis Risk Among UK Students Amid Warning Signs of New Outbreaks
Japanese Grand Prix 2026: Schedule, UK Start Times and Full Broadcast Details
Electric Vehicles Seen as Strategic Solution to UK Fuel Reserve Concerns
Rise of Lone-Actor Threats and Online Radicalisation Drives New Wave of Antisemitic Attacks in the UK
Canada Advances Plan to Ban Cryptocurrency Donations in Election Campaigns
UK Faces Looming Medicine Shortages as Iran Conflict Threatens Supply Chains
Deadly Meningitis Outbreak in the U.K. Highlights Urgent Need for Vaccination
Fresh Claims Emerge Over Harry and Meghan’s Australia Visit as Insider Speaks Out
NATO Assessment Indicates UK Defence Spending Has Fallen Below Alliance Average
FTSE 100 Slips as Middle East Tensions Weigh on Investor Sentiment
UK Economy Begins to Feel Early Impact of Iran Conflict as Policy Challenges Intensify
Russian National Jailed in UK After Assault Case Linked to Barron Trump’s Alert
Energy Price Surge Accelerates Shift Away from Fossil Fuels in UK Homes
UK Museums House More Than 260,000 Human Remains, New Report Reveals
Surging UK Gilt Yields Reflect Inflation Pressures and Fiscal Uncertainty
UK Issues Updated Guidance on Children’s Screen Time with Focus on Balance and Wellbeing
UK Migration Figures Show Shifting Trends Across Asylum, Visas and Channel Crossings
UK Watchdog Launches Probe into Five Firms Over Alleged Fake Reviews and Ratings
Jaguar Land Rover Halts Production at UK Plant Amid Supplier Disruption
UK Police Reverse Position, Confirm Arrests Will Resume for Palestine Action Protests
UK Small Businesses Face Europe’s Steepest Cost Pressures, New Survey Reveals
US Envoy Urges UK to Proceed with King’s Visit Amid Diplomatic Sensitivities
FTSE 100 Drops Over One Percent as Middle East Tensions Weigh on Markets
UK CO2 Plant Set to Reopen as Authorities Move to Safeguard Supplies Amid Middle East Tensions
Trump Urges Stronger Defence Investment as He Questions Allied Naval Capabilities
New COVID Variant Detected in UK Raises Concerns Over Vaccine Effectiveness
FTSE Russell Moves to Standardise Free-Float Rules for UK and International Listings
HBO Max Launches in UK and Ireland, Marking Major Step in Global Streaming Expansion
UK Signals Readiness to Seize Russian ‘Shadow Fleet’ Vessels in Escalation of Sanctions Enforcement
Escalating Middle East Conflict Seen as Major Threat to UK Economic Stability
Early Challenges Mark Prince Harry and Meghan’s Australia Visit
UK Government Rejects Cover-Up Claims After Theft of Former PM Aide’s Phone
Cyprus Opens Strategic Talks with UK Over Sovereign Base Areas
UK Faces Risk of Sharp Inflation Surge Despite Stable Pre-Crisis Figures
UK Police Arrest Two Over Suspected Antisemitic Arson as Iran Link Investigated
UK Inflation Holds at Three Percent Ahead of Oil Price Shock from Iran Conflict
UK Fuel Prices Face Upward Pressure as Global Oil Trends Raise Cost Outlook
Girlguiding UK Sets September Deadline for Membership Policy Change Affecting Trans Participants
Germany and UK Accelerate Wind Power Expansion to Strengthen Energy Security
UK Moves to Ban Cryptocurrency Donations to Political Parties Over Foreign Influence Concerns
UK and Turkey Finalise Major Air Defence Agreement Worth Billions
Apple Introduces Mandatory Age Verification for iPhone Users in the UK
Diverging Views Emerge Over Meghan Markle’s Planned Australia Appearance
Trump Signals Frustration with UK Leadership Amid Diverging Approaches to Iran Conflict
UK Government Takes Control of Hunterston B as Landmark Nuclear Decommissioning Begins
UK Public Inflation Expectations Jump Sharply in March, Raising Pressure on Bank of England
×