Questions about Treasury Minister Philip Ozouf’s spending plans have been raised by accountant Kevin Keen in the latest edition of the monthly publication Chamber Online.
Mr Keen, who is chief executive of Jersey Post and a past president of the Jersey Chamber of Commerce, has concluded that calculations contained in the Treasury’s medium-term financial plan are ‘optimistic’.
He said that the plan’s key assumptions included real economic growth of 7% up to 2015 compared with a 13% decline between 2000 and 2010. He also said the calculations included growth in income tax receipts of 18% and in GST receipts of 9% to £84 million, as well as
an increase in underlying inflation of 8%.
Full story in Tuesday’s JEP
