Governor Boyd McCleary formally assented to the Virgin Islands public budget for 2013 on Dec. 21, two days after it was passed in the House of Assembly, according to the government Gazette published Dec. 31.
The act took effect Jan. 1, and includes an anticipated $298,729,000 in revenue. Of that, $264,077,400 is slated to go toward recurrent expenditures, $21,430,800 toward capital expenditures.
Pensions and gratuities were appropriated $12,118,500, while payments on the public debt were appropriated $19,171,500.
The budget was passed Dec. 18 in HOA after the Standing Finance Committee’s annual deliberations, which took place this year from Nov. 16-27. During the SFC proceedings, legislators meet privately with the heads of government agencies, departments, and statutory bodies to review the year’s allocations.
The report on this year’s SFC deliberations, some of which is typically redacted, has since been made public.
See the Jan. 10, 2013 edition for more coverage of the territory’s budget and the SFC report.
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