2025 Budget Address
Table of Contents
Total Revenue
$407.9M
Includes taxes, grants & other revenue
Recurrent Expenditure
$407.4M
Used for salaries, services & grants
Capital Expenditure
$60.7M
Development projects & capital assets
Infrastructure Loan
$100M
Largest single loan in BVI history
Capital Financing
$62.9M
Loans, funds & reserves
Tourism
786,579 tourists (9.9% increase over 2023)
Financial Services
25.7% increase in incorporations by mid-2024
Development
Investments in agriculture, fisheries, infrastructure, and education
Recycling
52,000 lbs of scrap metal and 29,754 lbs of plastics recycled
Governance
Successful COI reform completion and legislative advancements
GDP
Projected to grow 4.6% to $1.84B
Tourism
Expected to surpass 2024 performance
Inflation
Projected to fall to 2.15%
Infrastructure
Investments in roads, water, and sewerage systems
Social Development
Upgrades in education, social housing, and healthcare
Agriculture
Land allocation and training for farmers
Innovation
Renewable energy and digital transformation
Contact Information
Ministry of Finance -
Rita Frett Georges Building
Road Town, Tortola
Virgin Islands (British) VG1110
Tel: 284 468- 2144
Email: finance@gov.vg