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WQ.303/2024
WRITTEN QUESTION TO THE MINISTER FOR TREASURY AND RESOURCES
BY DEPUTY K.M. WILSON OF ST. CLEMENT
QUESTION SUBMITTED ON MONDAY 16th SEPTEMBER 2024 ANSWER TO BE TABLED ON MONDAY 23rd SEPTEMBER 2024
Question
"Will the Minister detail –
- any budget transfers from Capital to Revenue which have taken place in the last 12 months, including the relevant Ministerial Portfolio, with details of the reasons for this transfer; and
- any budget transfers from Capital to Revenue (including revenue to capital) that are planned during 2025, including the relevant Ministerial Portfolio, with details of the reasons for this transfer?"
Answer
- The Public Finances (Jersey) Law 2019, requires that a report to the States Assembly is produced every six months outlining the decisions taken by the Minister under certain Articles of that Law, including budget transfers between heads of expenditure. The latest reports covering the six-month period to 31 December 2023 and six-month period to 30th June 2024 are available on the States Assembly website;
Finance Law Delegation Report to 31 December 2023 r.32-2024.pdf (gov.je) Finance Law Delegation Report to 30 June r.134-2024.pdf (gov.je)
During the 12 months from 1st July 2023 to 30th June 2024, there has been one transfer from the Electronic Document Management Solution Project Head of Expenditure to the Cabinet Office departmental head of expenditure actioned under MD-TR-2023-646, of up to £700,000.
More recently there has been a transfer from the Infrastructure departmental head of expenditure to the Road Safety Improvements Project Head of Expenditure of up to £1 million, actioned under MD-TR-2024-590, signed in August 2024. The latter will be included in the six-month report for the period 1st July 2024 to 31st December 2024.
- There are currently no planned budget transfers from project to departmental heads of expenditure or vice versa, in 2025, however budgets are kept under constant review and monitoring and reallocations may arise if Ministers determine that this is needed within their portfolios (as provided for under the Public Finances Law).