Jersey Treasury forecasts higher tax revenues

Related Stories

Higher than expected tax revenue and lower than expected spending during 2012 have been predicted by Jersey's Treasury and Resources Department.

The department predicts £625.8m in revenue, £13.5m more than forecast, and States spending of £622.2m, an £8.2m underspend.

Senator Philip Ozouf said spending limits for departments were unlikely to be increased.

He said the extra funds could be used to stimulate the island's economy.

Senator Ozouf said if that was done it was important to remember the advice of the Fiscal Policy Panel.

He said: "We should recall their advice from May this year that if additional expenditure is required to stimulate the economy it should focus on projects that can be brought forward and have intrinsic economic value in their own right, and this should be done in a timely, temporary and targeted manner."

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

BBC Jersey

Weather

St Helier

Min. Night 17 °C

Features

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.