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A little over three months into its term, the Government has published its first major budget... Express breaks down the key elements you need to know in numbers.
In Jersey, public spending is now enshrined in something called the ‘Government Plan’, which is always published at this time of year and then debated in December.
It proposes firm spending plans for the year ahead, so 2023 in this case, and then spending ambitions for the following three years, so up to 2026 with this edition.
Those ambitions aren’t set in stone until they feature in the first year of the relevant Government Plan.
So, what has been decided for 2023? Here are the headline numbers...
...duty on alcohol and fuel are frozen for 2023. It still means that fuel duty is 63.89 pence per litre, and the duty on a standard bottle of wine is £1.69 and 5% litre of beer is £1.31, but duty won’t increase on 1 January.
...is how much of the 63.89p per litre fuel duty goes to the Climate Emergency Fund.
...is what the duty on a 20-pack of king size cigarettes will go up by on 1 January. This is RPI (7.9%) + 5%.
...is the rise in Vehicle Emissions Duty for the highest polluting cars (201g of CO2 and above). In real money, that is a jump from £3,300 to £6,105.
...is the increase in the income tax exemption threshold for a married couple, as announced in the recent mini-budget (an increase of 12%).
...the amount that the Government will spend on capital projects next year, which includes
...is how much the Government wants to save in 2023 through efficiency drives. The bulk of this (£7m) will be through only accepting pay rises in line with inflation. The rest will be through demanding that departments find smarter ways to work.
...the minimum amount of tax that wealthy residents who can bypass the housing laws will have to pay. That’s £25,000 more than currently.
...the difference in stamp duty between what islanders buying a home to live will have to pay and those buying an investment property or a second / holiday home.
...extra spending included for next year above that budgeted in the 2022 Government Plan.
...what inflation is expected to peak at in 2022.
...expected States income in 2023.
...expected States expenditure in 2023, before depreciation.
...expected surplus in 2023.
...how much more Health and Community Services expect to spend in 2023 compared to 2022. In total, Health plan to spend £248m next year.
...how much more Education expects to spend in 2023 compared to 2022. In total, CYPES expect to spend £190m next year.
...how much taxpayers will fund the restoration and modernisation of the Opera House in 2023 and 2024.
...how much the Government will spend on its Education and Children’s estate in 2023, including £4.25m on Therapeutic Children’s Homes in 2023 and 2024.
...how much will be spent on Government IT in 2023, including £12.1m on its ITS project, £5m on cyber-security and £5.3m on its ‘digital care strategy’.
...how much in the Strategic Reserve at the end of 2023, rising to £1.1m by 2026.
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