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

Fiscal Policy Panel: Resourcing Approval

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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.

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  • 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

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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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