(1) “Appropriations” means an amount authorized by law to be paid in a fiscal year from the monies of the Government of the Virgin Islands for a specific purpose.
(2) “Budget” means the total appropriations of the Government of the Virgin Islands in any fiscal year, including amounts for independent instrumentalities, the University of the Virgin Islands, and any other entity receiving monies as an act of appropriation.
(3) “Debt” means the total accumulated unpaid obligations that are due and payable including unpaid income tax refunds, amounts owned to vendors, and current year unpaid debt service obligations, if any. It shall not include that portion of principal or interest on bonds that is not yet due and payable.
(4) “Deficit” means the difference between total revenues and total expenditures, if expenditures are larger in any fiscal year.
(5) “General Fund” means the principal fund of the Government, financing the three branches of Government, the Virgin Islands Election System, the University of the Virgin Islands, and other such entities as may be deemed appropriate.
(6) “Revenues” or “Verifiable receipts” means funds actually received by the Government of the Virgin Islands and attested to by an independent certified Public Accountant.