The Medium Term Financial Plan 2017 - 2021 was approved by the States of Deliberation in June 2017.
The plan presents for the first time a fiscal strategy that can support the delivery of the outcomes in the Policy & Resource Plan. The plan will ensure the States is able to achieve and maintain a balanced budget before moving into a sustainable surplus over the next four year period, which will then enable the re-building of reserves and the investment in future public services in support of achieving those outcomes.
The Medium Term Financial Plan also sets out the proposed capital portfolio for the next period, and a plan for its delivery which is affordable and realistic within the overall financial envelope. The thorough and inclusive capital prioritisation process has allowed a picture to be built not only of the capital requirements in the next four year period, but beyond that, and the Policy & Resources Committee is also proposing a pipeline of longer term projects which extends the planning horizon for these long-term investments.
The ultimate objective of the capital portfolio is to support the achievement of the vision set out in the Policy & Resource Plan and the delivery of the strategic objectives for the States through investment in infrastructure and systems.
For further information about the Policy & Resource Plan and how the Medium Term Financial Plan supports its delivery: https://gov.gg/article/160157/Policy--Resource-Plan-published-with-Medium-Term-Financial-Plan-and-capital-investment-update
To view the approved Medium Term Financial Plan please see the downloads section on this page.