Beautiful Virgin Islands

Tuesday, Jun 24, 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
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Macron and Merz: Europe must arm itself in an unstable world
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Airlines Evaluate Flight Cancellations Amid Escalating US-Iran Tensions
Starmer Invites Innovators to Join Government Talent Scheme
UK Economy’s Strong Opening Quarter Shows Signs of Cooling
Harrods Seeks Court Order to Secure Al Fayed Estate for Victims
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
BBC Demands Perplexity AI Immediately Stop Using Its Content
Telegram Founder: I Will Leave My Fortune to Over 100 of My Children
Political Turmoil Resurfaces in Belgium Amid Economic Concerns
Fed policymakers divided on timing of interest rate cuts
Trump signals imminent agreement with Harvard University
Inheritance tax referendum alarms Swiss billionaire community
Japan cancels bilateral security meeting amid US defence demands
AI skeptic Emily Bender warns that ‘the emperor has no clothes’
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
Plans to Sell Dutch Embassy in Bangkok Face Local Opposition
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump's $5 Million 'Trump Card' Visa Program Draws Nearly 70,000 Applicants
DGCA Finds No Major Safety Concerns in Air India's Boeing 787 Fleet
Airlines Reroute Flights Amid Expanding Middle East Conflict Zones
Elon Musk's xAI Seeks $9.3 Billion in Funding Amid AI Expansion
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Taiwan Imposes Export Ban on Chips to Huawei and SMIC
Israel has just announced plans to strike Tehran again, and in response, Trump has urged people to evacuate
Netanyahu Signals Potential Regime Change in Iran
Juncker Criticizes EU Inaction on Trump Tariffs
EU Proposes Ban on New Russian Gas Contracts
×