Guernsey's Fiscal Policy Framework

Policy & Resources Committee

The States are asked to decide:

Whether, after consideration of the Policy Letter entitled ''Guernsey's Fiscal Policy Framework'' dated 21 November 2025, they are of the opinion to:

  1. Adopt the Fiscal Policy Framework as set out in the Policy Letter and commit to the principles of long-term financial stability defined within it.
  2. Direct the Policy & Resources Committee to include within any policy letters dealing with projections of States finances, analysis of how decisions will impact compliance with the Fiscal Policy Framework.
  3. Agree that the States retain a Fiscal Policy Panel to:

a) provide independent oversight of the appropriate application to the Fiscal Policy Framework; and

b) consider, at the direction of the Policy & Resources Committee, specific matters impacting future compliance with its terms.

4. Direct the Policy & Resources Committee, working with the Committee for the Environment & Infrastructure, to develop a Long-Term Strategic Infrastructure Framework and present this for States approval.