Beautiful Virgin Islands

Monday, Sep 01, 2025

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
Chinese and Indian Leaders Pursue Amity Amid Global Shifts
European Union Plans for Ukraine Deployment
ECB Warns Against Inflation Complacency
Concerns Over North Cyprus Casino Development
Shipping Companies Look Beyond Chinese Finance
Rural Exodus Fueling European Wildfires
China Hosts Major Security Meeting
Chinese Police Successfully Recover Family's Savings from Livestream Purchases
Germany Marks a Decade Since Migrant Wave with Divisions, Success Stories, and Political Shifts
Liverpool Defeat Arsenal 1–0 with Szoboszlai Free-Kick to Stay Top of Premier League
Prince Harry and King Charles to Meet in First Reunion After 20 Months
Chinese Stock Market Rally Fueled by Domestic Investors
Israeli Airstrike in Yemen Kills Houthi Prime Minister
Ukrainian Nationalist Politician Andriy Parubiy Assassinated in Lviv
Corporate America Cuts Middle Management as Bosses Take On Triple the Workload
Parents Sue OpenAI After Teen’s Death, Alleging ChatGPT Encouraged Suicide
Amazon Faces Lawsuit Over 'Buy' Label on Digital Streaming Content
Federal Reserve Independence Questioned Amid Trump’s Push to Reshape Central Bank
British Politics Faces Tumultuous Autumn After Summer of Rebellions and Rising Farage Momentum
US Appeals Court Rules Against Most Trump-Era Tariffs
UK Sought Broad Access to Apple Users’ Data, Court Filing Reveals
UK Bank Shares Dive Over Potential Tax on Sector
Germany’s Auto Industry Sheds 51,500 Jobs in First Half of 2025 Amid Deepening Crisis
Bruce Willis Relocated Due to Advanced Dementia
French and Korean Nuclear Majors Clash As EU Launches Foreign Subsidy Probe
EU Stands Firm on Digital Rules as Trump Warns of Retaliation
Getting Ready for the 3rd Time in Its History, Germany Approves Voluntary Military Service for Teenagers
Argentine President Javier Milei Evacuated After Stones Thrown During Campaign Event
Denmark Confronts U.S. Diplomat Over Covert Trump-Linked Influence in Greenland
Starmer Should Back Away from ECHR, Says Jack Straw
Trump Demands RICO Charges Against George Soros and Son for Funding Violent Protests
Taylor Swift Announces Engagement to NFL Star Travis Kelce
France May Need IMF Bailout, Warns Finance Minister
Chinese AI Chipmaker Cambricon Posts Record Profit as Beijing Pushes Pivot from Nvidia
After the Shock of Defeat, Iranians Yearn for Change
Ukraine Finally Allows Young Men Aged Eighteen to Twenty-Two to Leave the Country
The Porn Remains, Privacy Disappears: How Britain Broke the Internet in Ten Days
YouTube Altered Content by Artificial Intelligence – Without Permission
Welcome to The Definition of Insanity: Germany Edition
Just a reminder, this is Michael Jackson's daughter, Paris.
Spotify’s Strange Move: The Feature Nobody Asked For – Returns
Manhunt in Australia: Armed Anti-Government Suspect Kills Police Officers Sent to Arrest Him
China Launches World’s Most Powerful Neutrino Detector
How Beijing-Linked Networks Shape Elections in New York City
Ukrainian Refugee Iryna Zarutska Fled War To US, Stabbed To Death
Elon Musk Sues Apple and OpenAI Over Alleged App Store Monopoly
2 Australian Police Shot Dead In Encounter In Rural Victoria State
Vietnam Evacuates Hundreds of Thousands as Typhoon Kajiki Strikes; China’s Sanya Shuts Down
UK Government Delays Decision on China’s Proposed London Embassy Amid Concerns Over Redacted Plans
A 150-Year Tradition to Be Abolished? Uproar Over the Popular Central Park Attraction
×