Skip to main content

Review: Draft 2014 Budget

Committee/Panel: Corporate Services Panel
Launch Date: 16 September 2013
Review Status: Report published
Review Report: Report - Draft 2014 Budget - 26 November 2013.pdf

About

​The 2014 Budget contains the proposals of the Minister for Treasury and Resources in respect of taxation, including Income Tax, GST, Stamp Duty and the Impôts on alcohol, tobacco and fuel.  The Budget includes proposals to increase tax allowances for taxpayers with children in higher education and to reduce the marginal rate of tax.  The Minister has also brought forward proposals to fund long-term housing capital requirements through borrowing and a replacement hospital through use of the Strategic Reserve.

Terms of reference

  1. To consider the proposals of the Minister for Treasury and Resources in the Draft 2014 Budget Statement in respect of:
    a) Income Tax;
    b) Goods and Services Tax (GST);
    c) Impôts; and
    d) Stamp Duty;
  2. To consider the proposed allocation of growth money within the Draft 2014 Budget Statement
  3. To consider the Capital Programme for 2014 as presented in the Draft 2014 Budget Statement
  4. To consider the proposals of the Minister for Treasury and Resources in respect of the financing of major capital projects
  5. To consider the economic implications of the Minister’s proposals in the Draft 2014 Budget Statement
  6. To consider whether the Minister’s proposals within the Draft 2014 Budget Statement provide adequate provision in respect of emerging issues and spending pressures