BVI News

Bi-monthly reports on economic stimulus package will be mandated

To ensure accountability and good governance, Premier Andrew Fahie has said bi-monthly reports will be part of the measures that will be implemented to go along with government’s promised economic stimulus package.

The package is to assist businesses and residents who have been affected by the Novel Coronavirus Disease (COVID-19) pandemic.

Premier Fahie said the Financial Secretary, Glenroy Forbes, will be tasked to instruct the relevant ministries, statutory bodies and public corporations to implement the ‘Immediate Relief Package’, and for each to submit the reports twice a month to his office.

“Cabinet also decided that the Financial Secretary, in collaboration with the applicable ministries, statutory bodies and public corporations will develop a phase-two economic and social response programme guided by the economic stimulus component of the policy paper, which programmes are to be submitted to the Minister of Finance within 30 days for presentation to the Cabinet,” Fahie said while addressing the nation last Wednesday, April 15.

The policy paper is a reflection of government’s strategic response to the COVID-19 pandemic. It will serve as the interim framework to guide the government’s social, economic and fiscal response to the immediate and short-term needs of the territory.

The premier said that while he is aware that persons are eagerly waiting to hear of the economic response, the details will be ‘fully discussed’ with the public shortly.

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  1. Ausar says:

    Great news, Premier Fahie!

    And while you’re at this stage of good benevolence, please remember, we need efforts for the forseeable future, such as an unemployment agency, that would supplement the needs of the public, for times, such as this!

    Like 8
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  2. Cuse says:

    Where is the pie ? in the sky stimulus, it has not come down to earth as yet are we bugs bunny calling Mars.

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  3. LAlala says:

    Probably big money for the suffering food stores, lol

  4. EARTH? says:

    $2000 should be for everyone making less then one hundred and fifty thousand a year!! Virus is scaring us thinking am I going to be next one whom caught this virus. People are afraid with this serious dangerous virus still flowing on air!!
    Do not judge my writing post here as we are on all of this together. My opinion my thinking my true feelings!! You have your texting here, so do I.
    Anyhow, this virus will not stop anytime sooner. It is still flowing on Earth until whom knows when will vanish for good!!?
    None of this would of happen of whom started spreading this killing disease??????

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  5. Knowledge says:

    Some may think that coronavirus is a new virus on earth. Yes, the strain is new but it still a coronavirus that dies very easily by heat and/or salt. Go to a spa or the sea.

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