2012-2014 BUSINESS PLAN BRIEFING 15 JULY 2011 ST. HELIER TOWN HALL Presented by: SENATOR TERRY LE...
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Transcript of 2012-2014 BUSINESS PLAN BRIEFING 15 JULY 2011 ST. HELIER TOWN HALL Presented by: SENATOR TERRY LE...
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2012-2014 BUSINESS PLAN BRIEFING
15 JULY 2011ST. HELIER TOWN HALL
Presented by:SENATOR TERRY LE SUEUR – Chief MinisterSENATOR PHILIP OZOUF – Treasury MinisterLAURA ROWLEY – Treasurer of the StatesCOUNCIL OF MINISTERS
Embargoed until 00:01 Monday 18 July 2011
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Welcome and Introduction Chief Minister
Purpose• To brief States Members on the draft Business Plan, with particular
emphasis on 2012.
Treasurer of the States to set out:-– Economic and financial context. – Proposed spending in 2012.– What will be delivered.– How the books will be balanced.
Minister for Treasury and Resources– 2013 and 2014.– Summary.
Question and Answer
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Welcome and Introduction Chief Minister
Guiding Principles• To deliver £65 million CSR savings.• Fiscal prudence continues so as to deliver
balanced budgets by 2013.• This will enable us to deliver key services to
Jersey people and build for the future.
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Welcome and Introduction Chief Minister
Proposals• Three-year proposals for spending limits
– 2012 department cash limits.– 2013 and 2014 States indicative cash limits.– 2012-2014 Capital Programme within
spending limits.• Legislation Programme for 2012
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Draft Annual Business Plan 2012- 2014
Treasurer of the States
Laura Rowley
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The Financial Context - Jersey has a strong and healthy balance sheet
• NO debt on the Balance Sheet– (apart from property leases from the 1990’s).
• Structural deficit being addressed.
• Medium Term Financial Planning proposed – to strengthen financial management.
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The Financial Context - Reminder of where we were in 2011 Budget
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Balancing the books by 2013
Year
Business Plan 2012
Budget 2011
-120
-100
-80
-60
-40
-20
0
20
40
60
80
2009 2010 2011 2012 2013 2014
Sur
plus
/(D
efic
it) £
m
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The Financial Context - How have things changed since the 2011 Budget
• Income has improved by £14 million at the end of 2010 – due to additional Income Tax collection of £15 million.
• Income Tax forecasts in early June confirm initial Business Plan forecasts.
• In 2011 £6 million income from the COCF is required to meet additional Court and Case Costs.
• Forecast is an ongoing £9 million improvement in States income from 2012.
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The Financial Context - How have things changed since the 2011 Budget
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What will the Business Plan deliver? - CSR Summary of progress
Departments• Financial delivery confidence is high for all departments but
ESC is affected by P72/2011.
Terms and Conditions• On track to deliver £14 million by 2013.
Procurement• On track to deliver £6.5 million by 2013.
(Council of Ministers is still committed to deliver
£65 million savings)
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What will the Business Plan deliver? - Net CSR savings by department by 2013
0%
-3%-3%
-6%-6%
-7%
-9%
-10% -10%
-11%
-12%
-13%
-6%
-14%
-12%
-10%
-8%
-6%
-4%
-2%
0%
2%
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What are CoM proposing to spend in 2012? - Department and central allocations
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Balancing the books by 2013 - States Income
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Balancing the books by 2013
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What will the Business Plan deliver in 2012? - Investment in priority services (revenue)
• Real terms growth of £3.5m for Health and Social services. • Almost £1m of funding to retain and recruit nurses.• Additional funding for infrastructure and property
maintenance.• Over £0.5m of funding to continue skills and training
initiatives beyond the fiscal stimulus.• An additional £0.6m for tax policy and collection to
increase revenues and compliance.• Additional contingency of £4m for emerging pressures of
Freedom of Information, HCAE Inquiry and Legal Aid.
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What are CoM proposing to spend in 2012?
We may need to address emerging issues by providing an additional contingency
• Freedom of Information.• Committee of Inquiry.• Legal Aid.• Other emerging issues.
Proposal:• Increase Central Reserve in 2012-2014 to
provide additional contingency for emerging items.
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What are CoM proposing to spend in 2012?
How are we dealing with the ESC savings shortfall (P72/2011 as amended)
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What are CoM proposing to spend in 2012?
How are we dealing with the ESC savings shortfall (P72/2011 as amended)
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Summary - 2012 Business Plan
• We are in a very strong financial position going into 2012.
• The CoM are still committed to meeting the £65 million savings by 2013.
• And, we have effective plans in place to correct the deficit, and avoid future deficits through permanent changes to our processes.
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Draft Annual Business Plan 2012- 2014
Treasury Minister - Senator Ozouf
Proposals for 2013 and 2014
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Key Messages - 2012 Business Plan
• Commitment to deliver £65 million savings.• Not a short-term plan – it is about cultural reform
towards a 5-10 year strategy.• Platform for economic growth and diversification.• Investing in Health, infrastructure, skills and
training and tax planning.• A balanced and sustainable financial position.
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Balancing the books by 2013 - Proposals for 2013 and 2014
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What will the Business Plan deliver? - Investment in Capital Programme
• Over £6m to address the most urgent projects at the General Hospital.
• £0.5m advanced to accelerate the St. Martin’s school project to 2012.
• £3.6m for the Phillips Street Shaft project.• £2m to deliver the Police HQ relocation.• £11m for the review of the social housing
programme.• Almost £9m investment in infrastructure
maintenance for roads, sewers and sea walls.
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How the books will be balanced by 2013 - Forecast of Fund balances
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2012 Business Plan and Budget
- Timetable
• 15 July – Present Business Plan to States Members• 18 July - Lodge Business Plan 2012• 26 August - Deadline for Business Plan Amendments• 13 September – States Debate Business Plan 2012• 26 September - Present Budget 2012 to States Members • 27 September – Lodge draft Budget 2012• 19 October – Election Day• 25 October - Deadline for Budget Amendments• 8 November – States Debate Budget 2012
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Draft Annual Business Plan 2012- 2014
Question and Answer
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2012-2014 BUSINESS PLAN BRIEFING
15 JULY 2011ST. HELIER TOWN HALL
Presented by:SENATOR TERRY LE SUEUR – Chief MinisterSENATOR PHILIP OZOUF – Treasury MinisterLAURA ROWLEY – Treasurer of the StatesCOUNCIL OF MINISTERS
Embargoed until 00:01 Monday 18 July 2011