Nearly $24 million will be made available to the Government of the Virgin Islands following the approval of a second Schedules of Additional Provisions (SAP) on Thursday.
Premier and Minister of Finance Dr. the Hon. Natalio Wheatley confirmed that a total of $23,648,042 was approved following amendments to the initial SAP.
Of the sum, he said $16,259,880 is allocated to the Recurrent Expenditure of which $10,048,072 is in excess of the appropriated amount.
In addition, Premier Wheatley said a Capital Acquisition Expenditure in the amount of $2,692,637 is included in the SAP and will be funded in the following manner.
As it pertains to the Capital Expenditure, Premier Wheatley said the sum of $4,695,525 has been allocated.
The finance minister also took the time to explain the reason for this second SAP.
Premier Wheatley also addressed the source of the additional funds.