Guernsey and Jersey treasury departments work together
Guernsey's treasury minister says he wants to work more closely with Jersey to save money.
Both governments have committed to public spending cuts and ministers have met to share ideas.
Steps are being taken to allow the islands to pool information and resources about cost-cutting ideas.
Guernsey's Treasury and Resources Minister, Deputy Gavin St Pier, said Jersey and Guernsey faced similar challenges.
He said: "Last year, our Treasury Departments established an excellent working relationship and... [we] remain more committed than ever to ensure that our teams are working together to share ideas and resources."
Jersey's treasury minister, Senator Philip Ozouf, said: "From an infrastructure perspective, many potential areas of collaboration were discussed, from energy policy, sustainability and security to waste management.
"There is a clear intent from both islands that these areas will be developed jointly wherever possible."