Friday 26 March 2021
The Policy & Resources Committee is today publishing a financial update, which includes further detail on Guernsey's economic performance and public finances in 2020.
Treasury lead for the Committee Deputy Mark Helyar recently updated the States Assembly on the States' financial position and committed to providing more detail, which is included in today's update.
The States' financial position is now expected to be improved by £32m on the 2021 Budget forecast from November. As the update shows that is largely down to a very successful final quarter of 2020 for most business sectors.
Deputy Helyar said:
"We should be really encouraged by how businesses bounced back in the second half of 2020, especially the final quarter. That's important as we now come out of our second lockdown. We're confident we will see another quick and strong rallying from businesses in wide range of sectors and if we do, 2021 can be an even better year overall."