BVI News

Premier annouces $407M budget for 2025

Premier Dr Natalio Wheatley. (GIS Photo)

Premier and Minister of Finance Dr. Natalio Wheatley has unveiled a $407.9 million budget for 2025 under the theme, “Building a Sustainable Nation: Laying the Blocks of Success.”

Speaking at the Twenty-First Sitting of the First Session of the Fifth House of Assembly today, Monday, November 11, 2024, the Premier outlined the primary sources of funding for the budget. He stated that taxes will contribute the majority of the budget at $379.9 million, supplemented by $25.5 million from other revenues and $2.5 million from grants.

The budget includes $407.4 million allocated for recurrent expenditure and $60.7 million for capital expenditure, which covers critical infrastructure projects.

Key initiatives funded include the construction of a new West End ferry terminal, social housing, waste management, and road infrastructure.

Education and healthcare will also see major investments, with funding directed towards school facilities and healthcare centers.

BVI News will provide further details in a subsequent publication.

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9 Comments

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  1. Social housing says:

    Forty odd empty properties on joes hill if they haven’t been washed away yet and they’re giving it another go?

    Like 8
    Dislike 1
  2. What!!! says:

    How much for travel???

  3. Money bois says:

    Taxes contribution the biggest and yet we can’t see no value for our dollar with this place

    Roads

    Infrastructure

    Health care

    Government services

    Etc

    Still look and operate the same from decades ago

  4. Althea Scatliffe School says:

    And was any money set aside to rebuilt Althea Scatliffe School?

  5. Mmm says:

    Tola people really dumb joes hill project is a social security investment it has nothing to do with the government

  6. Elders ignored again says:

    No increase on elders pension. “Appreciate elders, motivate children”. That’s the God’s way. A blessed country.

  7. Interesting says:

    About $380 mill in taxes works out to be about $ 20k per year per working person. There’s no way people are paying that in income taxes, so what taxes is he referring to?

    There’s also the $ 61 mil for capital expenditures, but $ 100 mill was just borrowed. Where is the budget for the $16.3 mill (4% of budget) note that needs to be paid annually?

  8. Correction says:

    There is no income tax in the BVI. There is payroll tax for employed persons. Please list ALL the annual taxes and the amount that will provide the $380 million for this annual budget.

    Like 2
    Dislike 0
  9. E. Van. says:

    To the elders,aging and old, step aside and watch we young ones rool.

    Nothing for you; everything for us. You should not have birthed us, now sit your old bones down, starve want and to death.

    We are not giving you no cost of living increase;no raise in your Social Security; no travel alowance to your doctors; so what if you can’t afford seeing glasses; no vouchers for food at the high priced super markets. Not even a hoe and pick to plant a lil potater. Well sir, we frig royally.

    We are not giving you anything, nothing,zilch,nada, squat!

    Go, ask the children you taught for 35-40 years for a hand-out and see if you get it, least a kick some where in your rear.

    It is true then, some people do not have a soul. There is now a big ole hole where it once lived.

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