The Guernsey government has published a review of its fiscal policy framework, through which it seeks to extend the amount it raises in taxes closer to the ceiling of 24% of GDP allowed under the current framework. The States of Guernsey only raises around 21% in practice, which equates to £11,400 a year per head of population.
The government acknowledges that it must increase the amount it raises towards this 24% limit to continue to fund health and care provision for an ageing population and revised terms and conditions for public sector employees, which the Guernsey government believes could cost an extra £35-£40m.
The Guernsey government has published a review of its fiscal policy framework, through which it seeks to extend the amount it raises in taxes closer to the ceiling of 24% of GDP allowed under the current framework. The States of Guernsey only raises around 21% in practice, which equates to £11,400 a year per head of population.
The government acknowledges that it must increase the amount it raises towards this 24% limit to continue to fund health and care provision for an ageing population and revised terms and conditions for public sector employees, which the Guernsey government believes could cost an extra £35-£40m.
