A 'bold and forward-thinking Budget for economic recovery'

Introducing his fifth Budget as Treasury Minister, Senator Philip Ozouf said the debate was taking place at a time of ‘cautious optimism’ about improving economic conditions.

He described his proposals to cut taxes for 84 per cent of Islanders as ‘bold’ and said that the Budget was ‘forward thinking’ and would enable residents to begin to feel the benefits of economic recovery.

He also said that by agreeing funding schemes for three major capital programmes – the redevelopment of the Hospital, replenishing and maintaining the Island’s housing stock and a new liquid waste strategy – Members could ensure that the benefits were felt long term.