The States Strategic Plan (SSP) is the successor to the 2007 Government Business Plan, but unlike the previous plan, it will interlink strategic policy objectives with financial planning processes and the prioritised allocation of resources to meet the States’ aims. The SSP will be the amalgamation of three different sub-plans, which will be tabled on July 15 for endorsement; the text will include a Fiscal and Economic Plan, Social Policy Plan and an Environmental Policy Plan.
According to a statement from the Guernsey government, financial considerations will be of key importance in the new SSP, but at this stage the States are not being asked to come to any decisions about funding of the prioritised initiatives described in the plans, but only to agree that these initiatives should go forward to the next stage of consideration.
A draft version of the SSP will be presented in September and will draw together all resource bids for new service developments to 2013, the revenue implications of the States' capital programme and, importantly, the projected efficiency savings to be achieved through the Fundamental Spending Reviews.
In a previous statement the government announced that it would be forced to introduce new domestic taxes or increase existing ones in order to finance the jurisdiction. The government has recently passed an enabling law for the implementation of a Goods and Services tax in Guernsey, although the government did underline that it may not be implemented, adding that it is ‘merely considering its options’.
The States of Guernsey has rejected proposals to finance upcoming projects with borrowed money. It is instead almost certain that Guernsey will offset the cost of the local investment through increasing taxation on domestic taxpayers. In March the government announced that it would have to increase its annual revenues by GBP52m in order to address its structural deficit by 2017.
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