Information and public services for the Island of Guernsey

Today

News

Guernsey Law Officers announce first-time forfeited asset sharing with the United States
Friday 08 December 2017

Guernsey has today announced during a visit to the Department of Justice in Washington D.C. that it will share with the United States government approximately $14.3 million recovered while assisting U.S. prosecutors and investigators with two U.S. criminal cases in which money was laundered via Guernsey.

Read more
Under 21 Contraception Pilot
Thursday 07 December 2017

The Committee for Employment & Social Security and the Committee for Health & Social Care have launched a pilot to provide free contraceptive services to women under the age of 21.

Read more
Gross Domestic Product estimates increase following methodology update
Thursday 07 December 2017

Guernsey will now have a more accurate picture of what its economy looks like following work to update the methodology by which Gross Domestic Product is calculated, aligning the island to international standards.

Read more All News
Coming soon – a map of events, hazards and other useful information
weather iconFair or sunny periods and scattered showers. Becoming cloudy by evening with occasional rain, clearing after midnight but remaining cloudy.
High10°CLow7°C
5 day forecastTide timetables
weather iconFair or sunny periods and scattered showers. Becoming cloudy by evening with occasional rain, clearing after midnight but remaining cloudy.
High10°CLow7°C
5 day forecastTide timetables


Arrival


VesselFromTimeArrived
C Rapide Jsy/St Malo 10:00 12:45E 


Departure


VesselToTimeDeparted
Commodore Goodwill Jersey/Portsmouth 04:15  
All arrivals and departures Shipping forecast


Arrival


AirlineTimeDateFromFlightStatus
Flybe09:102017-12-12JerseyBE6411Approx 1035


Departure


AirlineTimeDateToFlightStatus
Mail/Newspapers19:402017-12-11MailNPT22BDeparted 2259
All arrivals and departures
Sign In

Public finances returned to surplus in 2016 - for the first time since 2008.

Share this page

Deputy Gavin St Pier, President of the Policy & Resources Committee, updated the States Assembly this morning on the year-end financial position, comparing that public finances ended 2016 with a £15m surplus.

In June last year, a budget deficit of £10m to £15m was estimated for 2016. At that time, Deputy St Pier outlined a series of measures put in place to seek to balance the position by the end of the year. The measures included a series of expenditure controls put in place by States of Guernsey Chief Executive Paul Whitfield, including control of all vacancies; a review of overtime usage; closer control of the use of consultants; cancellation or deferral of non-pay expenditure; and the re-prioritisation of routine capital expenditure.  The Policy & Resources Committee also announced its intention to limit any further use of the Budget Reserve in year, and that it had approached the States Trading Supervisory Board to request that it consider making a return of surplus capital to General Revenue in 2016.

The measures had the desired effect and had a material impact on the year-end position. In addition, an improvement in economic conditions has also contributed to a better outturn.

The net result is that, subject to final year-end adjustments and audit, the outturn for 2016 is a surplus in the region of £15m, representing a £30m improvement on the worst case set out in June.  

Read the full statement given by the President of the Policy and Resources Committee, Deputy Gavin St Pier, by following the link in the 'useful pages' section on this page.

Share this page

Useful Pages

Add To Home

To add this page to the homescreen of your phone, go to the menu button and "Add to homescreen".


The menu button may look like
Three Dots or Box with an Arrow *some browsers' menu buttons may vary.