Deputy Chris Le Tissier posted on Facebook about a briefing he attended with members of Policy and Resources, offering some insight into what P&R’s plans are.
He said he learned about three options P&R is intending to lay before the States Assembly later this year, including a ‘preferred option’ for a Goods and Service Tax (GST).
The Funding and Investment Plan is expected to be published early next week in its entirety, outlining how P&R expects the Assembly to pay for upcoming capital projects and fund the overall running of government.
It has since been confirmed that there’ll be three options for the funding of future building projects, which include various combinations of borrowing, reducing the capital portfolio, or incorporating GST.
The States Assembly have already debated the introduction of GST this year. A contentious and long-winded debate in February ended with deputies voting to retain the status quo and not implement an alternative tax regime.
More context on P&R’s decision process will be revealed after the full publication of the Funding and Investment Plan.