Jersey's 2012 Budget Published

By ExpatBriefing.com Editorial 27 September, 2011

Jersey's 2012 Budget, published on September 23, contains numerous tax measures to boost tax revenues and support lower-income workers as part of the government's efforts to tackle the territory's deficit.

Treasury Minister Phillip Ozouf explained that the Budget would help secure the consolidation put in place since the start of the economic crisis and help establish a sustainable future for government finances.

“This budget shows our commitment to the difficult decisions made in last year’s Budget which are now starting to bear fruit. We are on track to meet our savings target, to close the GBP100m (USD155m) deficit and to balance our budget by 2013. We are in a strong position,” he said.

The following measures are proposed to be introduced in the Budget, subject to approval of the States of Jersey:

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