07 May 2010
The Council of Ministers has held an all day workshop to discuss proposals to cut spending in 2011. This is the first stage in Jersey’s Comprehensive Spending Review, which is looking for savings of £50m (10% of budget) over a 3-year period.
The Treasury Minister, Senator Philip Ozouf, says “Ministers have all committed to saving 2% and over the next 2 weeks will be working together to finalise the details before a second workshop planned for later this month.
“The Council of Ministers is determined to take the steps that are necessary to deal with the deficit and successfully manage Jersey’s future. We have to control public spending and provide value for money for the taxpayer before considering what tax increases may be necessary to fund future services.”
Once finalised, these savings proposals will form part of the draft business plan which is presented to the States in September.
A consultation on taxes – the Fiscal Strategy Review - will investigate the options for any tax increases that are still deemed necessary to fund essential public services in the future.
Senator Ozouf added “The Comprehensive Spending Review is on track to help get Jersey’s budget back into balance.”