T H E V I R G I N I S L a N

T H E V I R G I N I S L A N D S RECURRENT BUDGET ESTIMATES 2005 Estimated Revenue $217,125,000 Estimated Expenditure $188,228,900 Estimated Surplus on the Year's Operations $28,896,100 Contribution to Development Fund $25,977,200 Contribution to Pension Fund $447,800 Contribution to Reserve Fund $1,071,100 Contribution to Emergency/Disaster Fund $1,000,000 Contribution to Contingencies Fund $200,000 Contribution to Repairs and Renewal Fund $200,000 Total Funds Contribution $28,896,100 $0 C O N T E N T S PAGE Budget Address 2005 General Warrant Introduction 1 The Role of the Accounting Officer 1 - 2 Recurrent Budget – Summary of Annual Recurrent Costs 1994-2005 3 Statement of Assets and Liabilities – Summary 3 Revenue 2005 List of Tables 4 Comparative Revenue Collections 2002 – 2005 5 Analysis of Revenue Sources 2002 – 2005 5 Revenue Sources 2002 – 2005: Summary 6 Detailed Revenue Estimates 2005 7 - 12 Statement of Actual Revenue for the ten year period, 1994 – 2003 13 Expenditure Estimates 2003 – 2005 14 Expenditure Estimates 2005 15 Roles and Mission – Deputy Governor 16 - 17 Actual Expenditure – Deputy Governor and Departments 1999 – 2003 18 100 Governor 19 - 20 110 Deputy Governor 21 - 24 115 Department of Human Resources 25 - 26 120 Training 27 - 28 130 Department of Disaster Management 29 - 30 140 Legislative Council 31 - 34 150 Supreme Court 35 - 36 155 Civil Registry and Passport Office 37 - 38 160 Magistracy 39 - 40 170 Legal 41 - 42 180 Police 43 - 46 190 Audit 47 - 48 Roles and Mission – Chief Minister’s Office 49 - 50 Actual Expenditure – Chief Minister’s Office and Departments 1999 – 2003 51 200 Chief Minister’s Office 52 - 55 210 Development Planning Unit 56 - 57 220 Immigration 58 - 59 230 Information and Public Relations 60 - 61 240 Town and Country Planning 62 - 63 250 Trade and Investment Promotion 64 - 65 Roles and Mission – Ministry of Finance 66 - 67 Actual Expenditure – Ministry of Finance and Departments 1999 – 2003 68 260 Ministry of Finance 69 - 72 265 BVI International Finance Centre 73 - 74 270 Customs 75 - 76 290 Inland Revenue 77 - 78 300 Post Office 79 - 80 310 Treasury 81 - 82 320 Information Systems Unit 83 - 84 Roles and Mission - Ministry of Natural Resources and Labour 85 - 86 Actual Expenditure - Ministry of Natural Resources and Labour and Departments 1999 - 2003 87 330 Ministry of Natural Resources and Labour 88 - 89 340 Agriculture 90 - 93 345 BVI Fishing Complex 94 - 95 350 Conservation and Fisheries 96 - 97 360 Labour 98 - 99 370 Land Registry 100 - 101 380 Survey 102 - 103 Roles and Mission – Ministry of Education and Culture 104 - 105 Actual Expenditure – Ministry of Education and Culture and Departments 1999 – 2003 106 390 Ministry of Education and Culture 107 - 108 395 Youth Affairs and Sports 109 - 110 400 Education (Administration) 111 - 112 410 Education (Primary & Pre-Primary) 113 - 114 420 Education (Secondary) 115 - 116 430 Library Services 117 - 118 435 Prison 119 - 120 Roles and Mission – Ministry of Health and Social Development 121 - 122 Actual Expenditure – Ministry of Health and Social Development and Departments 1999 – 2003 123 440 Ministry of Health and Social Development 124 - 127 450 Adina Donovan Home 128 - 129 460 Health (Community Services ) 130 - 133 470 Health (Hospital Services) 134 - 137 480 Solid Waste 138 - 139 500 Social Development 140 - 143 Roles and Mission – Ministry of Communications and Works 144 - 145 Actual Expenditure – Ministry of Communications and Works and Departments 1999-2003 146 510 Ministry of Communications and Works 147 - 148 520 Facilities Management Unit 149 - 150 530 Civil Aviation 151 - 152 540 Fire Service 153 - 154 545 BVI Maritime Administration 155 - 156 550 Water and Sewerage 157 - 158 560 Vehicle Licensing 159 - 160 570 Public Works 161 - 164 580 Telephone Services Management Unit 165 - 166 600 Contribution to Statutory Board: Chief Minister’s Office 167 – 168 610 Contribution to Statutory Board: Ministry of Natural Resources & Labour 167 – 168 620 Contribution to Statutory Board: Ministry of Communications and Works 167 – 168 640 Contribution to Statutory Board: Ministry of Health and Social Development 169 – 170 650 Contribution to Statutory Board: Ministry of Education and Culture 169 – 170 660 Contribution to Statutory Board: Deputy Governor 169 – 170 800 Pensions and Gratuities 171 - 172 810 Public Debt 173 - 176 880 Miscellaneous 177 - 178 890 Fund Contribution 177 - 178 Appendices: I Established Posts and Salary Scales, 2005 179 II Rates of Pay – Non-Established Workers, 2005 180 III Nominal Roll – Non-Established Workers, 2005 181 IV Government Guaranteed Loans 182 C A P I T A L B U D G E T E S T I M A T E S Introduction: 2005 Budget Estimates 183 Detailed Capital Revenue Estimate 2005 184 - 185 Capital Fund, 2005 186 Capital Estimates, 2005 – Summary of Expenditure 187 2 Deputy Governor 188 - 193 3 Chief Minister 194 - 197 4 Ministry of Finance 198 - 199 5 Ministry of Natural Resources and Labour 200 - 207 6 Ministry of Education and Culture 208 - 211 7 Ministry of Health and Social Development 212 - 215 8 Ministry of Communications and Works 216 - 226 9 Miscellaneous 227 The Legislative Council of the Virgin Islands ECCH Uâwzxà TwwÜxáá delivered by The Hon. Ronnie Skelton Minister of Finance and Minister of Health and Welfare 2 December, 2004 2005 BUDGET ADDRESS “Rising to the Challenge” Introduction 1. Madam Speaker, today it is my duty and privilege as Minister for Finance to move that the Appropriation Bill (2005) be read a second time. As you know, Madam Speaker, the Government of the BVI works hard at increasing opportunity and security for all our citizens in all our islands, from Anegada to Jost Van Dyke. This Bill sets out the financial framework for doing so in 2005. A Global Perspective 1. Madam Speaker, we continue to live in uncertain times. 2004 saw new and continuing unrest in Iraq, Afghanistan, Haiti, Africa, the Middle East and elsewhere. Combined with the strongly contested Presidential election in the United States and the rise in energy costs, the financial markets were unsettled. However, the world economy avoided a slide and signs are that markets are moving upwards again. 2. Madam Speaker, fear that an overheated market might snuff out continued growth in the Asian economies is subsiding. As the US dollar remains weak, following the huge cost of the Iraq war, the US economy seems set for renewed growth driven by exports. This presents challenges, of course, for import-dependent economies such as ours. But it also presents opportunities. 3. The challenge for us here in the BVI is to position ourselves to seize these opportunities in order to secure our Territory’s success and prosperity for the long-term. Achieving this objective is not just about the policies of this Government. It is not just about Ministers or civil servants. At the end of the day the success of our Territory begins with our people. 4. We are a small Territory. We don’t have oil. We don’t have a large labor pool, or vast lands for agricultural production. We don’t have heavy industry. What we have are our beaches, our waters, and our talents. The beaches and waters are the Creator’s blessing upon us. Developing the skills and talents of our people and making the most of our potential, is our duty. 5. We all have to use more initiative and be prepared to work that little bit harder. Madam Speaker, we must all strive to be better than “good enough.” That means setting ourselves on a path of constant change and renewal. It does not mean ditching our old traditions. Instead, Madam Speaker, it means that we have to make a greater effort to be in a perpetual state of readiness. 6. Madam Speaker, the immediate way forward for the BVI lies in our making the most of new technologies, and in ensuring that our ways of working are as efficient as possible. The Government has a major role to play in reinventing our institutions and making them more i relevant; in fortifying the whole Territory’s social infrastructure and in developing a sustainable, world-class education system. 7. Madam Speaker, we will invest handsomely in the development of our young people. We will do all that is necessary to promote a stronger and more vibrant economy, based on sound market fundamentals. And we will provide a legislative framework for good governance and “Government in the Sunshine.” Domestic Economic Events and Performance – Looking back on 2004 1. Let me now turn, Madam Speaker, to domestic events and the BVI’s performance in 2004. Following a small contraction in 2003, we anticipate that the figures for 2004 will show that the BVI enjoyed a healthy growth of between 2 and 2½ per cent. As Honourable Members would know, on taking office, this Government found it necessary to put a temporary halt on public construction projects while we checked the finances and the way that contracts were awarded. I am pleased to report that the problems have to a large extent been resolved and work is proceeding. 2. Madam Speaker, in 2004, we continued the work of improving the capacity of the Civil Service to deliver on their responsibilities to Ministers and the people in an efficient and timely manner. I am pleased by the patriotic spirit of cooperation shown by so many of our public servants. We are making progress Madam Speaker, and we will continue to do so. 3. Madam Speaker, during 2005, this Government will be keeping a closer watch on how business is done in our Territory.

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