Treasury & Resources

The Treasury and Resources Department looks after the Island’s finances and financial assets, ensuring the protection and prudent use of public funds. 

The department plays an important role in supporting targeted spending across the public sector, and will achieve savings by transforming the way it delivers its business. Making the most of technology, redesigning services and modernising legislation will cut costs and help achieve a balanced budget by 2019.

Focus for 2017-2019

  1. Replacing the tax system
  2. Replacing the States payroll system
  3. A new procurement system

Savings & New Revenue

By 2016 the Treasury and Resources department will have made savings of £750,000. The department is now committed to making a further £1.3 million of recurring savings between 2017 and 2019 by:

  • Making staff cost savings in Shared Services and Audit functions through restructuring and voluntary severance
  • Re-designing income collection
  • Reducing staff costs by merging two senior posts
  • Reducing resource required to support the current tax computer system
  • Moving most publications online, cease printing paper copies
  • Reducing spending on external advisory services for audit function
  • Completing the rollout of Supply Jersey
  • Sharing business continuity site (to back up important data) with other departments
  • Reducing the need for printing and postage by moving online
  • Reducing contract posts
  • Rolling out of the new Payroll System to reduce administrative processes
2017 - 2019


To support our key areas of focus we will be allocating £452,500 of growth between 2017 and 2019 to:

  • Fund requirement to value all land and buildings every fifth year in accordance with GAAP accounting standards
  • Fund the increase in the States general insurance premium from 2017
2017 - 2019