Just a little more than a month before the implementation deadline, Cabinet has approved the 2019 budget.
This year’s budget which is legally titled the Appropriation Act 2019 must be passed in the House of Assembly by April 30.
According to a report on the Cabinet’s March 21 meeting, a draft of this year’s estimates for government’s recurrent budget and capital budget was also approved.
Effectively, the recurrent budget is
It is anticipated that this years budget — the 2019 Appropriation Act — will be tabled for the next sitting of the House of Assembly on Tuesday, April 2.
It is yet to be seen whether that will happen considering that the United Kingdom must approve this year’s budget before it is passed.
In the meantime, funds for the continuation of government operations until the budget is passed is being accessed through what is known as a temporary budget. That temporary budget can only run for four months and expires on April 30.
Copyright 2021 BVI News, Media Expressions Limited. All Rights Reserved. This material may not be published, broadcast, rewritten or distributed.