​​The Minister for Treasury and Resources, Senator Philip Ozouf, has published the States of Jersey’s 2008 accounts.

The key points in the accounts are:

• income rose in 2008 to £660 million, being £47 million more than the original budget and an 18% increase on 2007
  
• during 2008 the spending of States non-trading departments rose by 8.8% to £522 million​
  
• allocations to capital projects for the year amounted to £143 million
  
• increased levels of income and the decision to fund the entire capital programme from cash rather than borrowing resulted in a year end deficit of £5 million. At the end of the year our two reserves, the Strategic Reserve and Stabilisation Fund, stood at record levels with a combined value of £582 million