Beautiful Virgin Islands

Monday, Sep 01, 2025

Today, Nov 29, 2022 is Budget Day; Finance Minister Wheatley’s first Budget

Today, Nov 29, 2022 is Budget Day; Finance Minister Wheatley’s first Budget

It was in May of this year that Dr the Honourable Natalio D. Wheatley (R7) became Premier and Minister of Finance in a coalition regime of three political parties. Today, November 29, 2022, Dr Wheatley will deliver his first Budget Address.

Honourable Wheatley took over from former Minister of Finance and former legislator Andrew A. Fahie in the third year of a Virgin Islands Party (VIP) Government that was elected in February 2019.

The Budget Address is expected to set out the Unity Government’s spending and revenue priorities before the next general elections.

The next election must be held no later than May of 2023.

Dr Wheatley is expected to deliver his address at the Save the Seed Energy Centre in Duff's Bottom on the main island of Tortola, where the Ninth Sitting of the Fourth Session of the Fourth House of Assembly (HoA) will convene.

The Budget is a projection of what the Government would like to spend and an estimate of how much revenue it plans to collect, according to figures from the Financial Secretary.

Usually, other Departments, especially the revenue agencies, will make contributions to the final draft speech.


Financial Secretary Jeremiah G.A. Frett. The Ministry of Finance, including the Financial Secretary and their senior staff, are there throughout the SFC meetings to answer questions and be the main resource of the committee.

Public shut out of SFC

It is customary at this Sitting that the Budget Address, read by the Minister of Finance, is the only item on the Order of the Day.

A day or two following the address, the HoA goes into Standing Finance Committee (SFC) deliberation of the whole House to examine the Budget, which is the Appropriation (2023) Act 2022, Clause by Clause and Department by Department.

Public sector agencies and Central Government Ministries and Departments are called in to testify and justify their budget requests and most often argue for more funds. The session is private, according to the Standing Orders.

The Ministry of Finance, including the Financial Secretary and senior staff, are there throughout the SFC meetings to answer questions and be the main resource of the committee.

Once this process is completed, a report of the process is prepared, then there is a debate on the merits and principles of the Bill.

As of publication time, we had no information on the Budget theme or the amount.

The Budget Address is expected to be aired LIVE from 10:00 am on the House of Assembly VI Youtube; House of Assembly of the Virgin Islands Facebook; 780 AM ZBVI Radio; CBN-Radio (90.9 FM); FLOW TV Channel 101; and CCT TV Channel 291.
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
×