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L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

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Value of the Strategic Reserve Fund (FOI)

Value of the Strategic Reserve Fund (FOI)

Produced by the Freedom of Information office
Authored by Government of Jersey and published on 02 August 2021.
Prepared internally, no external costs.

Request

Please advise the total amount in the "Rainy Day Fund" as of the 1 July 2021 and as of year ending 2020 and the kind of interest earnt for 2020.

Response

For the purposes of this response, we have assumed that the requestor’s use of “the Rainy Day Fund” is a reference to the Strategic Reserve Fund.

The value of the Strategic Reserve at 31 December 2020 and the value of investment gains are contained within the Government of Jersey’s Annual Report and Accounts and can be found on page 117. Article 23 of the Freedom of Information (Jersey) Law 2011 has therefore been applied.

Annual Report and Accounts for the States of Jersey (gov.je)

The unaudited value of the Strategic Reserve Fund at 30 June 2021 is £1,052.3million (accounting is at month-end rather than the start of a calendar month).

Article applied

Article 23 - Information accessible to applicant by other means

(1) Information is absolutely exempt information if it is reasonably available to the applicant, otherwise than under this Law, whether or not free of charge.

(2) A scheduled public authority that refuses an application for information on this ground must make reasonable efforts to inform the applicant where the applicant may obtain the information.

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