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Fiscal Policy Panel: Resourcing Approval

A formal published “Ministerial Decision” is required as a record of the decision of a Minister (or an Assistant Minister where they have delegated authority) as they exercise their responsibilities and powers.

Ministers are elected by the States Assembly and have legal responsibilities and powers as “corporation sole” under the States of Jersey Law 2005 by virtue of their office and in their areas of responsibility, including entering into agreements, and under any legislation conferring on them powers.

An accurate record of “Ministerial Decisions” is vital to effective governance, including:

  • demonstrating that good governance, and clear lines of accountability and authority, are in place around decisions-making – including the reasons and basis on which a decision is made, and the action required to implement a decision

  • providing a record of decisions and actions that will be available for examination by States Members, and Panels and Committees of the States Assembly; the public, organisations, and the media; and as a historical record and point of reference for the conduct of public affairs

Ministers are individually accountable to the States Assembly, including for the actions of the departments and agencies which discharge their responsibilities.

The Freedom of Information Law (Jersey) Law 2011 is used as a guide when determining what information is be published. While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.

A decision made 28 November 2023:

Decision Reference:  MD-TR-2023-746

Public

Subject: Resourcing of the Fiscal Policy Panel

 

Report Title: WR - Resourcing of the Fiscal Policy Panel

Exempt (Article 35)

Decision(s):

The Minister for Treasury and Resources, in accordance with Article 43 of the Public Finances (Jersey) Law 2019, approved proposals to appropriately resource the Fiscal Policy Panel, in order to fulfil the expansion of its role to include consideration of financial stability.

Reason for Decision(s):

It has recently been agreed that the role of the Fiscal Policy Panel will be expanded to include consideration and advice on financial stability, in addition to its existing duties. The number of days the Chair and Members are required to commit to the role and the remuneration have been constant for many years. In order to fulfil this important expanded role, the annual commitment and remuneration of the panel have been reviewed and an additional Member proposed to share the workload. The proposals can all be met within current budget.

Resource Implications: There are no new financial and/or manpower implications.

 

Action Required: Chief Economic Advisor to commence recruitment of a new Chair and new Member for the Fiscal Policy Panel on the revised terms and to take steps to renew the appointment of an existing Member.

Signature:

 

 

Signed By: Minister for Treasury and Resources

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

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