Premier and Minister of Finance Andrew Fahie made the announcement while delivering the budget address in the House of Assembly on Tuesday.
“This essential investment is critical to ensuring that the BVIHSA is able to collect sufficient revenue to meet all of its obligations,” he said.
The Premier said once medical tourism starts generating sufficient revenue,
The NHI receives a yearly allocation of $42 million from the BVI’s annual
“Your government has also provided an additional $5 million to NHI as the balance of the Seed funding that was due since the beginning of the scheme, thereby bringing the total allocation to $47 million this year,” Premier Fahie said.
A total of $60,552,125 has been allocated to the Ministry of Health this year. This equates to 10.2% of this year’s $426 million budget.
Copyright 2021 BVI News, Media Expressions Limited. All Rights Reserved. This material may not be published, broadcast, rewritten or distributed.