Things looking up for public purse

Figures released in the run-up to November’s debate on tax and spending plans for the next three years show that the States are performing well, with spending £8.2 million under budget and taxes £13.5 million over the forecast.

Departments are asking for most of the unspent money to be carried forward to next year’s budgets, because it relates to projects or spending which have been delayed.

This morning’s figures have been welcomed by Treasury Minister Philip Ozouf, who said that the new report should give the public confidence in the state of public finances.