Fiscal Policy Panel brief States Members

06 January 2009

States members have been invited to a briefing by the Fiscal Policy Panel tomorrow (Tuesday 6th January). The panel will explain where Jersey stands on tax and spending issues in the current economic climate. The meeting is part of the strategic planning process, and will cover the key economic issues raised in the Panel’s reports last year, before States members debate the priorities for Jersey.

Tomorrow’s briefing will be followed by workshops over the coming weeks, at which States Members can contribute their ideas for Jersey’s future plans. The Strategic Plan sets out the direction which the government will take, its key objectives and priorities for the Island.

The Fiscal Policy Panel’s remit is to examine the strength of the Jersey economy and the position in the economic cycle; to comment on the appropriateness of the States financial position and to make recommendations for fiscal policy.

Treasury Minister, Senator Philip Ozouf, says: “The panel’s reports have already been very useful when formulating States policy. It will be helpful for members to receive this independent, expert advice before they start to consider the States Strategic Plan.”

The Fiscal Policy Panel is an advisory body which was set up to give independent advice on the Island’s tax and spending policy for both the Treasury and Resources Minister and the States as a whole. The Panel is part of the new Fiscal Framework agreed by the States in October 2006.