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9
WQ.159/2018
WRITTEN QUESTION TO THE MINISTER FOR TREASURY AND RESOURCES BY SENATOR K.L. MOORE
ANSWER TO BE TABLED ON TUESDAY 25th SEPTEMBER 2018
Question
Further to Summary Table C (Summary of Approved Central Contingency Allocations for 2017-2019') in the Medium Term Financial Plan Addition 2017-2019 and in light of Contingency Allocation: Revised Policy – August 2018' (R.112/2018), will the Minister –
- provide an updated table showing how much of each contingency allocation has been spent to date; and
- explain, in respect of the £13.5 million allocated for the Economic Productivity and Growth Drawdown Provision (EPGDP),:
- what amounts, if any, from the EPGDP have either been spent so far or been moved to other areas of contingency or to the Consolidated Fund; and
- what the future plans are for the EPGDP?
Answer
- Contingency allocations are carried forward from one year to the next within an MTFP therefore amounts drawn down may exceed allocations in any one year.
Proposed Central Contingency Allocations | 2017 | 2018 | 2019 |
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£'000 | £'000 | £'000 | |
Central Allocation - DEL Contingency Drawn down Central Allocation - Pay, PECRS and Workforce Modernisation Drawn down Central Allocation - Restructuring and Redundancy Provision less: earmarked carry forwards for committed Redundancy less: earmarked carry forwards for Restructuring and Redundancy Net Central Allocation - Restructuring Provision and Redundancy Provision Drawn down | 5,000 5,000 5,000 5,753 14,056 5,644 6,658 12,294 17,607 4,767 12,000 7,600 8,300 -5,000 -600 -3,300 -3,836 -3,045 | ||
7,000 3,164 1,955 5,099 8,657 | |||
Central Allocation - EPGDP less: prioritised funding from base budgets Net Central Allocation - EPGDP Drawn down Central Allocation - Earmarked for Initiatives to support vulnerable children Drawn down | 5,000 5,000 3,548 -644 -1,204 -1,548 | |
4,356 3,796 2,000 1,915 1,016 1,650 1,650 1,650 960 1,671 | ||
Total Proposed Central Allocations | 23,650 | 25,904 28,212 |
The balance of contingencies are expected to be fully drawn down by the end of 2019.
Under Article 17 of the Public Finances (Jersey) Law 2005 the allocation to contingency expenditure in the MTFP is a single sum, so do not require additional approvals to move that allocation between the areas indicated in the MTFP Addition. All allocations from contingency require the approval of the Minister for Treasury and Resources, in accordance with her published policy.
- As Summary Table C in the Medium Term Financial Plan Addition shows, £13.5 million was not allocated to EPGDP. £10.2 million was allocated after funding was reprioritised.
- The table above shows how much of the funding available has been drawn down in 2017 and 2018 so far. None of the allocation has been moved to other areas of contingency or the Consolidated Fund beyond that shown in the table, as lodged and approved by the Assembly.
- The need to invest in and support economic growth and productivity growth remains and the intention is to continue to do so. Any business case that is made in support of those needs will be submitted to the Investment Appraisal Board to assess so very little has changed.