Public Sector Debt - Quarterly Bulletin 2026
Table of Contents
Title
What is public sector debt?
Public debt is the total amount of money a country's government has borrowed to cover expenses when its spending exceeds its tax revenue, or to finance capital projects. It includes loans from local banks and other financial organizations, and from financial institutions outside the Territory.
Title
Quarter 1 - March 2026 - Public Sector Debt Bulletin
This document is a quarterly bulletin from the Ministry of Finance detailing the public sector debt of the Government of the Virgin Islands as of the first quarter of 2026.
To learn more about how your government is managing the country's borrowings, we invite you to read the full bulletin.
Public Sector Debt - Quarterly Bulletin - Issue 1 Volume 11
Title
How much is the BVI’s current public sector debt?
As of the end of March 2026, the BVI's current public sector debt was US$164.08 million, comprising US$129.24 million for central government debt and US$34.84 million for guaranteed debt.
Title
Is our debt getting bigger or smaller? Body
It's getting larger. The debt increased by 4.3% from March 2025 to March 2026.
Title
How much of our debt is domestic and foreign?
As of the end of March 2026, 52.0% or $85.28 million of our debt is domestic, while 48.0% or $78.80 million is foreign.
Title
Are we paying more to service our debt?
No, we are paying less. As of the end of March 2026, there was a 5.8% drop in debt servicing from March 2025.
Title
How much fixed-rate debt do we have?
As of the end of March 2026, there was 35.1% of our public sector debt is at a fixed rate.
Title
How much of our debt is maturing in more than ten years?
At the end of March 2026, 49.4% of our public sector debt will be maturing in the long-term, more than ten years.
Contact Information
Ministry of Finance -
Rita Frett Georges Building
Road Town, Tortola
Virgin Islands (British) VG1110
Tel: 284 468- 2144
Email: mof@gov.vg