finance · BBC ↗
Savings healthy, but Jersey faces 'challenging' year
Citation-ready fact
General income and income tax was £20m more than expected.
20 m · general income and income tax
Philip Ozouf, Treasury Minister
Citation-ready fact
There was a drop of nearly 50% in investments.
about 50 % · investments
Philip Ozouf, Treasury Minister
Citation-ready fact
Department budgets were underspent by about £7.5m.
about 7.5 m · department budgets
Philip Ozouf, Treasury Minister
Treasury Minister Philip Ozouf has warned Jersey faces another challenging year.
In the accounts for 2009, he said States' savings remained healthy despite the economic downturn.
General income and income tax was £20m more than expected, while a drop of nearly 50% in investments was blamed on low interest rates.
Department budgets were underspent by about £7.5m, but overall, the States spent more than in 2008.
This was because of costs for the historical child abuse inquiry, the swine flu pandemic and losing the reciprocal health agreement with the UK.
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