The States Business Plan tentatively predicts that public spending will outstrip tax revenue by 2013, but that the States will push slowly closer to the black in the following years.
Figures published in the plan show that if current trends are maintained, and even if all planned tax measures are implemented, the Island could dip into deficit in some eight years’ time.
But Finance and Economics Committee president Senator Terry Le Sueur said that the figures represented a rough estimate at best – adding that it was difficult to judge world economic conditions and tax receipts a decade in advance.
