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States of Jersey financial report and accounts 2003

Produced by the Treasury and Exchequer
Authored by Treasury and Resources and published on 01 Jun 2004
Prepared internally, no external cost

Summary

​​The Minister for Treasury and Resources, Senator Terry Le Sueur, has published the States of Jersey’s 2003 accounts.

The key points in the accounts are:

  • financial discipline was exercised over the General Reserve, the States contingency fund,
    resulting in £24.6 million of the £27.7 million allocated being spent. Some £16.4 million of the amount spent related to pay and pension matters, including almost £5 million for backdated 2002 awards
  • over the ten year period to 2003 net revenue expenditure grew by over 92%
    whereas income grew by 70%

States of Jersey financial report and accounts 2003
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