Jersey government spending down by about £20m

Senator Philip Ozouf Senator Ozouf said the island needed to maintain a balanced budget

Related Stories

Jersey States departments are on target to spend nearly £21m less than expected this year, according to a treasury report.

The treasury introduced a half-yearly corporate report in the aim departments could better track their spending.

So far this year, there has been a £2m shortfall in the amount of money coming in, down from the expected £644m.

The report also showed departments were now forecast to need £21m less than the budgeted £638m.

Treasury Minister Senator Philip Ozouf said the figures proved his financial measures had been effective and expectations for the year had been accurate.

He said: "This half-year performance report shows that we are largely on target with our revenue expectations and well ahead in terms of departments managing their expenditure.

"This is further confirmation that the forecasts we have made in the Medium Term Financial Plan and also that the proposed 2014 Budget measures are based on robust assumptions."

Laura Rowley, Treasurer of the States, said the strategic reserve, known as the "rainy day fund", has also grown by about £55m to more than £700m.

In 2012 government departments underspent by about £27m. Senator Ozouf said that was down to careful spending and prioritising.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

BBC Jersey

Weather

St Helier

Min. Night 17 °C

Features & Analysis

Elsewhere on the BBC

  • SkatesCity-dweller's dream

    These motorised roller skates allow you to cruise to work - without breaking a sweat

Programmes

  • A digger operated via an Oculus Rift and a controllerClick Watch

    Why controlling a heavy digger with a virtual reality helmet might improve safety

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.