Development and Fiscal Strategy. Development Strategy (SEED) – outlines how the vision of the Territory will be achieved under four goals: Social, Economic, Environmental and Direction/Governance and presents the Government’s Capital Investment Plan (2014-2016). Fiscal Strategy – explains XXXX’s fiscal strategy including implementing the Protocols, generating revenue, and improving expenditure efficiency. This section also demonstrates the fiscal outcomes of implementing the stated fiscal policy.
Development and Fiscal Strategy. The Government of the Virgin Islands (GOVI) is committed to achieving its vision of “A prosperous Virgin Islands, ideal to live, work, visit and do business” through its development strategy while maintaining macroeconomic and fiscal sustainability and financial stability in the medium term. As such, the Government has outlined the development objectives for the Territory which prioritise creating and maintaining an environment conducive to economic growth and sustainable development. In addition the GOVI recognises the interconnections in society and puts the well-being of all residents at the centre of its actions. Since it is important that the Government manages its development objectives in tandem with its fiscal goals these development priorities are considered along with the GOVI’s fiscal strategy and embodied in this Medium Term Fiscal Plan (MTFP). Over the next three years, XXXX’s focus is to ensure adequate and robust social, economic and environmental infrastructure which facilitates investment and economic growth in the Territory. The development objectives of the GOVI are outlined in the Territory’s development strategy which incorporates Social, Economic, Environmental and Direction/Governance (SEED) dimensions. The Government’s fiscal strategy aims to increase revenue, prioritise expenditure, and centralises the importance of value-for-money in conducting public business.
