Beautiful Virgin Islands

Friday, Feb 03, 2023

Funding COI reforms ‘difficult’; belt tightening needed - Premier

Funding COI reforms ‘difficult’; belt tightening needed - Premier
This is according to Premier Dr Natalio Wheatley, who explained that some mitigation measures may be needed in other areas.

“We’ve been funding it out of our existing revenues, which of course is difficult,” Premier Wheatley told reporters at a recent press conference when asked how the COI reforms were being funded.

The Premier said the Ministry of Finance is costing the reforms but he has not been given a final price just yet.

Funding for the reforms, Premier Wheatley noted, has already come from a Schedule Of Additional Provisions (SAP) that was passed in the House of Assembly (HOA)recently.

“We made funding available for audits and investigations and some other things and what we’re trying to do as well is seek ways in which public servants can do some of the work which needs to be done,“ the Premier explained.

As a result of this, he said the government may have to send persons from various ministries to achieve some of the work instead of hiring persons to do so.

“In some instances there are some things which are required by the proposal where we have to hire persons and we are making that funding available,“ he stated.

“It (funding) is quite tight. We are seeking take some measures to provide some more fiscal space to be able to fund the reforms as well as all of the other things that need to be done in the Virgin Islands,” the Premier added.

He said there will be a need for some belt tightening and some reprioritisation to be able to properly fund the reforms along with all the other challenges that the government has.

Premier Wheatley further stated that it is important the public and public servants understand that resources are required which may impact things that are done to collect revenue and may also affect projects that might have to be stopped for instance.

“We’re asking for the public’s patience and understanding as it pertains to navigating this very complex fiscal environment,“ Premier Wheatley said.

Related Articles

Beautiful Virgin Islands
EU found a way to use frozen Russian funds
I have a dream, MLK inspiring speech
WARNING GRAPHIC CONTENT - US Memphis Police murdering innocent Tyre Nichols
Aretha Franklin, Marvis Staples - Oh Happy Day
Almost 30% of professionals say they've tried ChatGPT at work
BVI Freedom Song
Interpol seeks woman who ran elaborate exam cheating scam in Singapore
Billy Preston - You Can't Beat God Giving (Live)
What is ChatGPT?
Bill Gates is ‘very optimistic’ about the future: ‘Better to be born 20 years from now...than any time in the past’
Oh Happy Day Edwin Hawkins - Anthony Brown w FBCG Combined Choir
Tesla reported record profits and record revenues for 2022
'Stand by Me' performed by Karen Gibson and The Kingdom Choir
Prince Andrew and Virginia Giuffre Photo Is Fake: Ghislaine Maxwell
National Anthem of the British Virgin Islands - Oh, Beautiful Virgin
Opinion | Israel’s Supreme Court Claims a Veto on Democracy
Hello Dolly
Moonwalker Buzz Aldrin Gets Married On His 93rd Birthday
for KING & COUNTRY - Amen (Reborn) [feat. Lecrae & The WRLDFMS Tony Wi
Who’s Threatening Israeli Democracy?
Bob Marley - Get Up Stand Up
Federal Reserve Probes Goldman’s Consumer Business
Yes He Can
China's first population drop in six decades
What A Friend We Have In Jesus
Microsoft is finalising plans to become the latest technology giant to reduce its workforce during a global economic slowdown
China's foreign ministry branch in Hong Kong urges British gov't to stop the biased and double standards Hong Kong report
Touch The Hem Of His Garment
Tesla slashes prices globally by as much as 20 percent
The Lord's Prayer
1.4 Million Copies Of Prince Harry's Memoir 'Spare' Sold On 1st Day In UK
After Failing To Pay Office Rent, Twitter May Sell User Names
Lisa Marie Presley, singer and daughter of Elvis, dies aged 54
Ray Charles And The Voices Of Jubilaton, Oh, Happy Day
FIFA president questioned by prosecutors
Ramblin' Rose
Britain's Sunak breaks silence and admits using private healthcare
Protoje - Who Knows ft. Chronixx
Hype and backlash as Harry's memoir goes on sale. Unnamed royal source says prince 'kidnapped by cult of psychotherapy and Meghan'
Pressure - Virgin Islands Nice
Saudi Arabia set to overtake India as fastest-growing major economy this year 
Phil Wickham - House Of The Lord
Google and Facebook’s dominance in digital ads challenged by rapid ascent of Amazon and TikTok
My God Is Real (Yes, God Is Real)
FTX fraud investigators are digging deeper into Sam Bankman-Fried's inner circle – and reportedly have ex-engineer Nishad Singh in their sights
The Lion King Circle of Life by LEBO M. — LIVE at the HAVASI Symphonic
TikTok CEO Plans to Meet European Union Regulators
Louis Armstrong - When The Saints Go Marching In
UK chaos: Hong Kong emigrants duped by false prospectus
Kanye West Sunday Service - hallelujah, salvation, and glory
France has banned the online sale of paracetamol until February, citing ongoing supply issues
Jonathan Nelson - I Believe (Island Medley
Japan reportedly to give families 1 million yen per child to move out of Tokyo
From The Virgin Islands Sqad Up
Will Canada ever become a real democracy?
Common, John Legend - Glory
Hong Kong property brokerages slash payrolls in choppy market
Anthony Evans vs. Jesse Campbell - If I Ain't Got You
U.S. Moves to Seize Robinhood Shares, Silvergate Accounts Tied to FTX
I have a dream, MLK inspiring speech
Effect of EU sanctions on Moscow is ‘less than zero’ – Belgian MEP
Aretha Franklin, Marvis Staples - Oh Happy Day
Coinbase to Pay $100 Million in Settlement With New York Regulator
BVI Freedom Song