30 November 2024
The Council of Ministers welcomes the decision by the States Assembly to approve
the Budget.
The measures approved will enable the Government to deliver on its priorities for
Islanders, and include:
- funding for £20 million of essential support to Island-wide businesses, as we
transition to a Living Wage
- funding for construction of the new Acute Hospital at Overdale to begin in Spring
2025
- a pragmatic funding strategy for new healthcare facilities that does not put a heavy
burden on future generations
- £31 million additional spending on health
- freezes on duties on alcohol and fuel for 2025; a decision that will support local
businesses and their customers
- increases to tax thresholds of £700 for individuals and £1,150 for married couples
- increases of £150 to the child tax allowance, £250 to childcare tax relief and £700 in
higher childcare tax relief
- investment in frontline services and staff
- keeping Government fees and charges as low as possible – and keeping more
money in Islanders’ pockets.
The Budget also delivers savings and right-sizes the capital programme to an achievable
level while reducing consultancy spending.
The Chief Minister, Deputy Lyndon Farnham said: “I am pleased States members have
approved this budget, which will curb growth in expenditure and reprioritise spending to
focus on essential services, healthcare, housing and assisting Islanders with cost-of-living
pressures. It also begins to replenish the Island’s strategic reserve.”
The Minister for Treasury and Resources, Deputy Elaine Millar, said: “I am grateful to
States members for approving the budget, which will allow us to deliver on the
Government’s ambitions over the next two years.
“It also lays the groundwork for additional measures to strengthen our long-term financial
stability and curtail the growth in day-to-day spending.”
gov.je