The Virgin Islands is collecting more government revenue than anticipated, Premier Dr Natalio Wheatley announced, as the territory prepares to table its biggest budget in consecutive years.
In remarks to ZBVI Radio on October 27, the Premier and Minister of Finance credited solid economic management and investor backing for the territory's ability to weather international tensions, rising prices and tariff headwinds. "We've performed ahead of most projections, and it shows the resilience of the Virgin Islands economy in tumultuous times," he said.
The 2027 budget, unveiled that morning under the banner "Turning Progress into Prosperity: Building a Sustainable Nation", was presented at 10 am at the Eileene L Parsons Auditorium at H Lavity Stoutt Community College in Paraquita Bay, Tortola. It will surpass last year's record outlay.
The Premier signalled that infrastructure would claim a significant share of spending, with roads, sewerage systems and water supply among the top targets. The government also plans to channel funds into backing small enterprises, expanding schools, launching job programmes and upgrading medical facilities.
Two signature initiatives feature in the plan: a new four-year degree programme launching at H Lavity Stoutt Community College, and the RATED employment scheme. Public sector workers at the BVI Health Services Authority will see salary rises.
Wheatley framed the strong revenue intake as proof of investor confidence and sound stewardship. "We continue to punch above our weight in very tumultuous circumstances. This shows that we've had good management of the economy and there's only going to be growth from here going forward," he said.
The 2026 budget had been set at $550.6 million with forecast revenue near $446 million. After review by the Standing Finance Committee, it climbed above $562 million.
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