Beautiful Virgin Islands

Sunday, Feb 05, 2023

What did previous governments do with the money? Premier asks

What did previous governments do with the money? Premier asks

Premier Dr Natalio Wheatley has questioned how governments over the past 20 years have spent budget surpluses, suggesting that the territory’s infrastructure was neglected because resources were not allocated in the way they should have been.
“In the past, we had the recurrent revenue being a lot smaller than it is right now. We had a big recurrent surplus and we could fund our capital projects just out of our recurrent surplus,” the Premier said. 

He continued: “You’re talking about recurrent surplus of $50, $60 million, and we really have to look back in the past and see, how we spent the money, how much of that money did we invest in our water distribution network? How much of that money did we invest in our roads, our ghuts, etcetera?”

The territory’s leader also contended that even though roads were paved over the years, the supporting infrastructure such as proper drainage had not been put in place. 

“So we’ve gotten to a point where the roads are completely in disrepair because over the past 20 years, we haven’t been making the investments in the roads, and then we expect [Public Works] Minister [Kye] Rymer to work a miracle on the roads,” the Premier added.

Rymer had no equipment

Among other things, Dr Wheatley said Rymer’s ministry had to acquire a paver, roller and mill upon entering office to properly execute road works in the territory.

“Everybody says it. You need, drainage. You need properly engineered and constructed roads and it takes money. You need equipment for good roads. The minister came in, he had no equipment,” the Premier stated. “The minister had to get an asphalt machine. Presently, we have to buy asphalt from a private provider.” 

Dr Wheatley further argued that in order to ‘really make a big splash’ in capital projects, governments now have no choice but to borrow. 

“Sometimes we are a little shy and reluctant to borrow, but we have to borrow some money,” the Premier said. “And beyond that, you know, you have ratios from the United Kingdom and, of course, I know we have to operate within limits from a responsible standpoint.”

Related Articles

Beautiful Virgin Islands
Tennessee Bill Would Imprison People for 3 Years If They 'Lie' About Rape to Get an Abortion.
I have a dream, MLK inspiring speech
Charlie Munger, calls for a ban on cryptocurrencies in the US, following China's lead
Aretha Franklin, Marvis Staples - Oh Happy Day
EU found a way to use frozen Russian funds
BVI Freedom Song
First generation unopened iPhone set to fetch more than $50,000 at auction.
Billy Preston - You Can't Beat God Giving (Live)
WARNING GRAPHIC CONTENT - US Memphis Police murdering innocent Tyre Nichols
Almost 30% of professionals say they've tried ChatGPT at work
Oh Happy Day Edwin Hawkins - Anthony Brown w FBCG Combined Choir
Interpol seeks woman who ran elaborate exam cheating scam in Singapore
'Stand by Me' performed by Karen Gibson and The Kingdom Choir
What is ChatGPT?
National Anthem of the British Virgin Islands - Oh, Beautiful Virgin
Bill Gates is ‘very optimistic’ about the future: ‘Better to be born 20 years from now...than any time in the past’
Hello Dolly
Tesla reported record profits and record revenues for 2022
for KING & COUNTRY - Amen (Reborn) [feat. Lecrae & The WRLDFMS Tony Wi
Prince Andrew and Virginia Giuffre Photo Is Fake: Ghislaine Maxwell
Bob Marley - Get Up Stand Up
Opinion | Israel’s Supreme Court Claims a Veto on Democracy
Yes He Can
Moonwalker Buzz Aldrin Gets Married On His 93rd Birthday
What A Friend We Have In Jesus
Who’s Threatening Israeli Democracy?
Federal Reserve Probes Goldman’s Consumer Business
Touch The Hem Of His Garment
China's first population drop in six decades
The Lord's Prayer
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
Tesla slashes prices globally by as much as 20 percent
Ray Charles And The Voices Of Jubilaton, Oh, Happy Day
1.4 Million Copies Of Prince Harry's Memoir 'Spare' Sold On 1st Day In UK
Ramblin' Rose
After Failing To Pay Office Rent, Twitter May Sell User Names
Protoje - Who Knows ft. Chronixx
Lisa Marie Presley, singer and daughter of Elvis, dies aged 54
Pressure - Virgin Islands Nice
FIFA president questioned by prosecutors
Phil Wickham - House Of The Lord
Britain's Sunak breaks silence and admits using private healthcare
My God Is Real (Yes, God Is Real)
Hype and backlash as Harry's memoir goes on sale. Unnamed royal source says prince 'kidnapped by cult of psychotherapy and Meghan'
The Lion King Circle of Life by LEBO M. — LIVE at the HAVASI Symphonic
Saudi Arabia set to overtake India as fastest-growing major economy this year 
Louis Armstrong - When The Saints Go Marching In
Google and Facebook’s dominance in digital ads challenged by rapid ascent of Amazon and TikTok
Kanye West Sunday Service - hallelujah, salvation, and glory
FTX fraud investigators are digging deeper into Sam Bankman-Fried's inner circle – and reportedly have ex-engineer Nishad Singh in their sights
Jonathan Nelson - I Believe (Island Medley
TikTok CEO Plans to Meet European Union Regulators
From The Virgin Islands Sqad Up
UK chaos: Hong Kong emigrants duped by false prospectus
Common, John Legend - Glory
France has banned the online sale of paracetamol until February, citing ongoing supply issues
Anthony Evans vs. Jesse Campbell - If I Ain't Got You
Japan reportedly to give families 1 million yen per child to move out of Tokyo
I have a dream, MLK inspiring speech