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      The British Virgin Islands       OnePaper Community Edition       November 21st, 2018      
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A Look at the Draft Budget

     Euphoric about the Economic performance of the BVIs in the year 2001, the Chief Minister the Hon. Ralph T. O'Neal not only ‘Praised God from whom all Blessings flow' but also a few minutes later was reminding his listening audience of the often bandied phrase ‘God is a BVIslander'. Former Chief Minister the Hon. Cyril B. Romney has the same notion of God. ‘God' he said, ‘had created the BVI especially for his residence on earth'.
     
     While reflecting on both comments, a thought came to mind. Now that BVIslanders can apply for, and receive British Citizenship, what if God - the BVIslander - should exercise his option and relocate to the United Kingdom or the European Union.
     Heaven forbid! Because then the blessings will flow to these countries, in some of which there is a poor appreciation of God.
     
     
     As the Chief Minister's budget address revealed, the Government earned revenue of 190 million US$ in the year 2001.
     That means that with a population of twenty thousand, the Government would have earned the EQUIVALENT of US$10,000 for every man, woman, and child in the territory - if indeed every man, woman, and child paid taxes. But everyone does not.
     The Government estimates that the budget will rise to 201 million US$ in the year 2002.
     Only 30% came from custom duties and personal income tax, in the year 2001.
     A whopping 52% was contributed by the financial services industry, which earned a landmark one hundred million US$ in the year 2001. Other taxes made up the rest of Government revenue. Because of this the Government is determined that this industry maintains an even keel.
     
     
     Accordingly, on December 7, 2001 the Government set up the Financial Services Commission, the purpose of which is to regulate and regularize the industry so as to maintain international standards. According to the Chief Minister it is so much easier for a country to get blacklisted by International Organizations than for a country to get off such a list. Hence, the Government's action is proactive and is geared towards avoiding this.
     

Craft Alive in Picturesclick to enlarge
   View of one of the shops built from materials used to build houses in the past - 'thatched roof and shingles'.
Craft Alive in Picturesclick to enlarge
   View of the 'Craft Alive Village' at the official opening.
Craft Alive in Picturesclick to enlarge
   members of the public browsing around
Craft Alive in Picturesclick to enlarge
   Messers. Hodge and Trott checking out the wares with approval.
Craft Alive in Picturesclick to enlarge
   Looking inside one of the shops at the official opening of the 'Craft Alive Village'
CTO Awards Dinnerclick to enlarge
   Pictured from left to right to right Kedrick Malone, Stanley Dawson, Son of the awardee, who recieved the award on his father's behalf
  Cedric Dawson, and Stanley Gordon
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CTO Awards Dinner
   Kedrick Malone is the newly appointed chairman of the Tourist Board,and Stanley Gordon, the Director.
CTO Awards Dinner
   L to R - Catherine Van Kampen, Iverson Smith, Bibi Bhajan, Stanley Dawson, Kedrick Malone, Mrs. Malone, Victorene Creque
  
  
Integrity in Public Life
   A Public Servant's Perspective
  Presented by: Wendell M. Gaskin, Director, Internal Audit Unit
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H.Lavity Stoutt......A Visionary
   Today,March 4,2002,the territory pays tribute to the life and legacy of former Chief Minister H.Lavity Stoutt........
  
  The deputy Governor, His Excellency, Mr.Elton Georges pays tribute.....
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Year 2002 Budget passedBVI Legislative Council   Chambers
   Proceedings of the Legislature
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A Look at the Draft Budget
   The BVI Review looks at the draft budget 2002
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A Look at the Draft Budget ....... cont'dFinancial Secretary ...L Allen Wheatley
  
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A Look at the Draft Budget .......cont'dChief Minister.. Ralph T O'Neal
  
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Christmas in the BVI years ago………………..
   Hilda Smith,a resident of Road Town recalls with nostalgia, the Christmases of her youth
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And Today
   Do we celebrate Christmas in the same way
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And Today
   Do we celebrate Christmas in the same way
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