Spending back on track

Tuesday 17th June 2008, 3:00PM BST.

STATES spending rose by 3.3 per cent last year — the lowest rise for more than 20 years.

The latest States Report and Accounts (the public accounts for 2007), released today, reveal that spending rose by less than the rate of inflation.

And Treasury Minister Terry Le Sueur believes that Jersey is well on track to fill the threatened ‘black hole’ in public revenues caused by tax reforms.

Last year, the total States income was £559 million, or £37 million more money than was spent on both public services and capital projects.

Those projects included Le Squez housing estate, the Airport runway, Grainville and Mont à l’Abbé Schools, a new prison cell block and the refurbishment of the States building.

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1
Mark

June 17, 2008 at 4:09 pm

By my reckoning we now have 2 rainy day funds set up for Jersey.
I know why dont we give to a developer to build a nice big umbrella!

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2
Phil

June 17, 2008 at 4:59 pm

It is still a rise in real terms.

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3
Harry

June 17, 2008 at 8:15 pm

Oh Yeah, and when it comes to cost of living we will just sit back and say its only 3.1% because the states have made such great savings. Complete rubbish is what that figure is.

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