Jersey’s government has published its budget covering the period from 2027 to 2030, introducing several targeted measures aimed at alleviating the rising cost of living for families. Among the key proposals is an increase in free nursery care for children aged two to three, rising from 15 hours to 20 hours per week.
Additionally, the parental grant will see a significant boost, doubling from £887.25 to £1,800 for families welcoming a newborn or adopting a child. Other supports include a £250 family payment for each school-aged child in low to middle-income households in 2027, and the extension of free school meals to secondary pupils on the Jersey Premium funding scheme.
Treasury Minister Alan Maclean described the budget as a move toward addressing fiscal imbalances identified by the Fiscal Policy Panel, which previously noted that Jersey was spending beyond its means. Maclean stated that the plan aims to direct resources toward those most in need, calling it a positive step despite acknowledging further action is required.
Chief Minister Lyndon Farnham highlighted in his foreword that housing, childcare, and daily expenses continue to strain household budgets. He emphasized the government’s commitment to providing practical assistance to restore financial stability for islanders facing the greatest pressures.
Health funding is also set to rise, increasing by £25 million to reach £406 million. While this represents a smaller jump than the previous £60 million increase, Maclean noted that Health remains the largest department by spending. He called for a thorough analysis to ensure funds are used effectively.
Revenue from Pillar Two, a global corporate tax agreement for multinational companies with revenues exceeding €750 million, will contribute to the construction of the new acute hospital at Overdale. Maclean expressed optimism that this funding would reduce the need for borrowing and the use of reserves.
The minister characterized the current budget as transitional, noting that structural changes will be necessary during the 2028 to 2030 period to ensure long-term public finance sustainability. States members are scheduled to debate and vote on the budget in December.
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