The tape does not lie! Premier Smith did say $90M in bank!
This came as a total surprise to many as the $90 million figure became a mantra for the National Democratic Party (NDP) and the other parties, including the Virgin Islands Party (VIP), who’s members challenged the Premier to use some of that money he had spoken about to pay bills.
On one of the occasions, while speaking at an NDP rally at the Band Stand in Road Town on May 26, 2015, Premier Smith said: “At the end of three-and-a-half years, we are happy to say that the economy did grow. When we came into office, we met a total of $51.5 million in the bank. Last year, up to the 31st of December 2014, we had $90.4 million. That is twice as much as was there.”
The question was asked by members of the VIP at that time if this was so why were Government cheques being dishonoured at the banks.
“I don’t recall speaking about $90 million. I have to refresh my memory before I could make any comment on that,” Premier Smith had said when confronted on the figure by this news site last week Friday October 23, 2015.
“I know that Government is committed to having a reserve fund which is at the moment probably approaching $50 million in the reserve account. And there are of course other accounts which are there.”
“I cannot at this moment say how much is there in any account,” said the Premier.
In the same address on May 26, 2015, the Premier did speak about the Reserve Fund although he did not say what the amount was.
“We also built that important Reserve Fund. Everybody was saying spend the money, spend the money, but we knew that we had to build the Reserve Fund.”
Virgin Islands News Online has now produced an audio clip of the Premier speaking about the $90.4M on May 26, 2015.
Clink on link below to listen:
http://www.virginislandsnewsonline.com/upload/resources/PTT20151029WA0018.mp3
See link below for related story:
53 Responses to “The tape does not lie! Premier Smith did say $90M in bank!”
PEOPLE STOP TAKING ON GOVERNMENT JOBS UNLESS THEY GIVE YOU A DEPOSIT OR THE FULL SUM. NO MONEY NO WORK.
ITS TUME TO STAND UP AGAINST THE INJUSTICE.
You voted all the crooks in office. But I did see an article looking for jailed persons to apply for early release. I guess someone either trying to make room for My***, Ma****k and Cl*****. Or maybe some figured are the real criminals are free why hold the petty offenders.