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States of Jersey financial report and accounts 2008

Produced by the Treasury and Exchequer
Authored by Treasury and Resources and published on 01 Jun 2009
Prepared internally, no external cost

Summary

​​The Minister for Treasury and Resources, Senator Philip Ozouf, has published the States of Jersey’s 2008 accounts.

The key points in the accounts are:

  • income rose in 2008 to £660 million, being £47 million more than the original budget and an 18% increase on 2007
  • during 2008 the spending of States non-trading departments rose by 8.8% to £522 million​
  • allocations to capital projects for the year amounted to £143 million
  • increased levels of income and the decision to fund the entire capital programme from cash rather than borrowing resulted in a year end deficit of £5 million. At the end of the year our two reserves, the Strategic Reserve and Stabilisation Fund, stood at record levels with a combined value of £582 million
​

States of Jersey financial report and accounts 2008
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