Retaining Stability in a Time of Global Uncertainty: Jersey’s Budget 2026 to 2029
The Government of Jersey has presented Budget 2026 to 2029, a responsible plan that aims to support Islanders today while preparing the Island for the years ahead. It sets out a balanced approach to managing public finances, investing in essential services and maintaining stability during a period of continued global uncertainty.
Although the effects of recent world events are still being felt, Jersey remains in a relatively strong position. This Budget builds on that foundation by offering practical support to households, investing in priority areas and ensuring that public spending remains sustainable.
A key feature of the Budget is the continuation of a positive financial outlook in which general revenue income is forecast to exceed general revenue expenditure. This ensures that day to day public services are funded through recurring income rather than through borrowing or drawing down reserves. As a result, the Island is able to maintain financial stability while still investing in important long term projects.
The outlook for public reserves is similarly constructive. Over the four year period, total reserves are expected to grow, supported by careful management and strengthened revenue performance. At the same time, the Island’s net asset position is forecast to increase by around one billion pounds, reflecting significant investment in essential infrastructure and a stronger balance sheet. This improvement provides greater security for future generations and enhances the overall resilience of the public finances.
Many Islanders continue to face pressures from rising prices and higher living costs. The increase in the personal tax allowance will allow working Islanders to keep more of their income, providing welcome relief for families. Additional help for pensioners recognises the valuable contribution older Islanders have made to the community and supports them with their day to day needs. Continued investment in early years support, childrens services and preventative healthcare will help families access assistance earlier and more effectively.
The Budget also sets out a significant programme of investment in the Islands infrastructure between 2026 and 2029. Around one billion pounds will be directed toward modern healthcare facilities, digital health improvements, better schools and youth spaces, a renewed Fort Regent and upgrades to water, drainage, transport and digital networks. These developments will strengthen public services, improve the quality of life for Islanders and support economic activity across the community.
Alongside this investment, the Government is taking steps to ensure that public finances remain on a sustainable footing. Spending growth is being controlled through savings, reductions in reliance on external consultants and better use of public buildings. The Strategic Reserve remains at a strong level, helping protect the Islands financial position, and moderate adjustments to certain duties will help fund essential services while supporting public health and environmental aims.
This Budget reflects the values that Islanders expect from their government. It focuses on supporting families, improving healthcare, maintaining a competitive economy and protecting the long term interests of the Island. It seeks to deliver steady and responsible progress at a time when global conditions remain uncertain.
Budget 2026 to 2029 sets out a clear direction. It provides support where it is most needed, invests in services and facilities that will benefit Islanders for many years to come and aims to ensure that Jersey remains confident and well prepared for the future.
