BVI News

Walwyn wants Premier investigated for $20M budget snafu

Sixth District Representative Myron Walwyn has called for an investigation into Premier Dr Natalio Wheatley regarding a multi-million dollar budget error.

At a recent Opposition forum, Walwyn pointed to a reported $20 million discrepancy in the budget, which he described as “a significant problem” that raises questions about fiscal oversight in the Finance Ministry, led by Dr Wheatley.

Walwyn criticised the Premier’s handling of budget estimates, particularly around civil servants’ salaries allocations. Citing Dr Wheatley’s previous budget address, Walwyn highlighted statements about ensuring no public officer would earn less than a living wage, with $10 million reportedly allocated to meet this objective.

However, Walwyn questioned the accuracy of this figure in light of the overall $20 million overestimation.

“Where did he get that figure from?” Walwyn asked. He further suggested that the shortfall now presents a challenge in funding critical initiatives.

Reallocating unspent funds

Dr Wheatley addressed the budget issue by explaining his government’s approach of reallocating unspent funds from initiatives that were not completed as planned.

“What that leads to now is opportunities close to the end of the year… it allows you some money to be able to put towards some other priorities,” he stated.

The Premier also acknowledged that some of these reallocations were used to cover errors in the earlier Schedule of Additional Provisions (SAP), enabling the government to meet critical needs, such as paying salaries until the end of the year.

Meanwhile, Walwyn raised further concerns about the BVI’s revenue streams. The Opposition legislator highlighted the need for substantial inward investment to support government spending, particularly following the recent approval of a $100 million loan, which he noted would add to the debt burden without immediately generating revenue.

“Where are you going to get the money from to pay for the $100 million loan?” Walwyn asked, questioning the government’s fiscal planning as the territory faces economic pressures.

Walwyn expressed scepticism, pointing to other Caribbean nations like Antigua, St Vincent, and Dominica, which he noted are experiencing economic growth. By comparison, Walwyn argued, the BVI is lagging in economic development, which he feels is essential for maintaining fiscal stability.

“Where’s the Virgin Islands in all of this?” Walwyn questoned.

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14 Comments

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  1. $1000000 wall says:

    Short memory wasn’t this particular fellow all confused about the economies of scale, numerous contractors on the same failed project. Not saying he’s incorrect but maybe just a little bit of the pot calling the kettle black.

    Like 9
    Dislike 19
    • lol says:

      I mean sure let’s keep harping about this 1 million dollar wall forever because that’s the same level of screw up as miscalculating the national budget by 20 million.
      My question is why we have Myron in particular to kill over this wall that cost a million dollars when it had characters that come along after him and wasted much much more money and we don’t talk about it. The premier office alone done over a million in consultancies allegedly at least the fence there in reality protecting the school grounds you can see it and touch it tell me what the premier consultants doing.

      Like 24
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  2. In All Of This says:

    The Virgin Islands is being played for a sucker. The ship is now sinking let’s see how it plays out.

    Like 9
    Dislike 1
  3. Citizen X says:

    “The Opposition legislator highlighted the need for substantial inward investment to support government spending, particularly following the recent approval of a $100 million loan, which he noted would add to the debt burden without immediately generating revenue.”
    Why do we have to borrow money for maintenance? If any company had to take out a loan for what should be routine maintenance that company would be bankrupt, and the owner would be thought of as a fool.
    I think a lot of money is missing and as a taxpayer I expect and demand transparency especially after the COI findings!

    Like 4
    Dislike 1
  4. @ LOL says:

    THATS THE WIGGED DUDE THROWING IN HIS USUAL , LOW BLOWS AT MYRON , WITH HIS JEALOUS AND VINDICTIVE DIRTY MENTALITY , WHY HE DON’T ENCOURAGE WHEATLEY TO SUE THE HYPOCRITES WHO WERE PAID 2 TIMES ONE BY NDP AND THOSE WHO PAID THEM TO HALF DO THE WALL TO MAKE MYRON LOOK BAD , AND YEYLT THE WIGGED ONE SINGING LIKE A CANARY ABOUT THE SAME WALL THAT HE & THE NOTORIOUS ONE ORCHESTRATED , JUST NOW HE’D GOING DOWN ON HIS KNEES TOO , JUST LIKE HIS HERO ” THE NOTORIOUS DREW

    Like 4
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  5. @@ lol says:

    Must I say again to stop calling Cindy the wigged one! her hair is real

  6. Walwyn Wigged says:

    Walwyn is the one that needs the wig. Loooord look a head! Pay attention! LOL

  7. Well sah says:

    What does one wrong has to do with the other. He was investigated and no wrong doing found .
    What the hell wrong with you people

    Stop justifying wrong doing
    Call it out no matter what
    Do you see why corruption will continue in this place . We are too stupid, blinded by hate, prejudice, race and gender.

    The UK should never lift the Order in council. Too many evil thinking people

    Like 5
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  8. SK says:

    Can you say COI 2.0?

  9. BVI POLITICIANS are says:

    All I shall say is BVI Politicians better be glad they represent this ……….. Any where outside of the BVI, every last one of you will be under investigation and held accountable for the things that you have done or have did.

    Like 4
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    • @BVI POLITICS ARE says:

      Shhhh your mouth . I bet you may be someone that goes home in your Country ONLY 2 weeks then comes back to the same BVI

  10. Road Town Rebel says:

    Let it rest Walwyn.. your a** is before the dam courts already. You will not be Premier in these Virgin Islands

    Like 2
    Dislike 6
  11. @ @ @ LOL says:

    ONLY ONE ( WIGGED ONE ) AND THATS YOU WIGO / SO STOP TRYING TO WIGGLE YOUR ASZ OUTA OF YOUR TRUMP MENTALITY , AND LEAVE CINDY OUTA YOUR DIRTY MOUTH / WHEN IT AIN’T CINDY / ITS WALWYN OR THE UK , OR THE WHITE SLAVE MASTERS OR THE GOVERNOR ETC, WE SEE THROUGH YOUR SUBTERFUGE GAME THAT YOU HAVE MASTERED AND IS USING YOUR YELLO SITE TO SPEW OUT ALL YOUR BROKEN DOWN FAKE NARRATIVES JUST TO CREATE NEWS ( AKA ) DRAMA / YOU HAD YOUR CHANCE IN THOA AND BLEW IT WITH WITH THE SAME THEATRICS & SHENANIGANS , EVEN YOUR MASTER ( HEAD COACH ) HAD TO TAP YOU ON YOUR SHOULDER AND COMMANDED YOU TO CHILL OUT AFTER YOU WERE MAKING HIM LOOK BAD IN THE HOA AND ON THE OUTSIDE / PEOPLE WERE BEGINING TO WONDER WHO WAS IN CHARGE , ACCORDING TO HOW YOU WERE TRYING TO FLEX OFF ON MARK , WHI EVENTUALLY TOOK YOU TO SCHOOL . SO GO AND PLAY WITH YOUR PRECIOUS WIG

  12. Seem Pure. says:

    Like all those warriors of the past, Faulkner and Castro among others, we will march for MR. WALWYN IF NEED BE. HE IS A WARRIOR FOR THE PEOPLE AND THE ISLANDS. TIME WILL TELL.

    Was Mr. Turnbull a born St. Thomian? Maybe, but so what! His roots were from here/hayrr. M

    Looking at the experienced picture now,i have forgiven him for abmboozoling us teachers for 12 years and never goan increment or raise.

    I was hard, but i forgive him, because i see no one in or out that is not corrupted with greed and personal wealth to stop sucking this country’s tit and begin taking care of it.

    Not sure of the controversey about local v expat, buthis words seem pure.

    Like 2
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