Fiscal Policy Panel: Resourcing Approval

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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):