Chamber News Article

Jersey Chamber of Commerce

Latest News

Category: Financial  Local Business News  Scrutiny

Scrutiny evidence on proposed Public Finance Law published

Apr 11, 2019


The Corporate Services Scrutiny Panel is reviewing the Government’s planned new Public Finances Law, and has sought views from a wide range of stakeholders. The Panel has today published evidence from the Comptroller and Auditor General and the Chartered Institute of Public Finance and Accountancy.

The Draft Public Finances (Jersey) Law is due to be debated by the States Assembly on 30th April 2019. The new law would replace the way in which the public finances of Jersey are currently regulated, controlled, supervised and administered, including the way in which amounts from public finances are appropriated for particular purposes. 

The Panel has received a response from the Comptroller and Auditor General as to how the proposed Law could facilitate the implementation of her previous recommendations. It has also received a report from its advisor, the Chartered Institute of Public Finance and Accountancy (CIPFA). In addition to any written submissions, the Panel has also taken evidence from the Minister for Treasury and Resources in a public hearing. 

At the end of the review, the Panel will publish its independent report on the draft law.  In addition, the Panel has today written to the Minister for Treasury and Resources to advise that it intends to request additional time to bring forward amendments to the draft law. The Panel will be joined in this work by Senator Sarah Ferguson and Deputy Scott Wickenden.

Panel Chairman, Senator Kristina Moore, commented:
 “This is an important piece of legislation which underpins the way that Jersey’s public finances are managed. We are aware that a number of States Members are carefully considering the changes set out in the draft law. We hope that publishing this evidence now, together with our letter to the Minister, will be helpful to States members and other interested parties, in advance of the debate on 30th April.”

Anyone interested in the matter can follow the Panel’s the work and submit views via the States Assembly website www.statesassembly.gov.je, or by email at scrutiny@gov.je.

Scrutiny Press Release.

More Chamber News

  • JFSC issues warning re Titanium Capital Forex IC (Titanium)

    The Jersey Financial Services Commission (JFSC) Warning

  • House Prices Report for the Second Quarter 2019 Published

    The House Price Index report for the second quarter of 2019 has been published by Statistics Jersey.

  • Support for Changes to Maternity Policy

    The Government of Jersey has been considering the issue of paid breastfeeding breaks and has decided...