Jersey's government spent £1.18 billion in 2025

Jersey's Annual Report and Accounts have been published, with figures showing the government spent more than £1.18 billion.

General revenue was up by £33 million in 2025, with a total of around £1.23 billion.

Total net assets also grew £600 million to £8.9 billion.

£380 million in returns were made from investments, which is 1.6% lower than the year before.

There is also an overall surplus of £262 million.

The Chief Minister, Deputy Lyndon Farnham, believes this has strengthened Jersey's public finances.

"As a result, the next Government will inherit a stronger financial position, and I am confident there is now a more secure foundation with a clear path towards balanced budgets in the years ahead."

Government Headquarters, Union Street

However, more than £1.18 billion was spent by the government.

This included putting 11,354 children through school, serving 448,356 school meals, facilitating 252,343 outpatient appointments, prescribing 2.1 million items island-wide, paying for 555,000 days of Short-Term Incapacity benefits, and resurfacing 8.9 km of roads.

The top-spending departments were Health and Care Jersey (£368 million), Education and Lifelong Learning (£182 million), and Employment, Social Security and Housing (£106 million), with a combined total accounting for more than half of government expenditure.

Health and Care Jersey cost the island an additional £35 million compared to 2024, an 11% increase.

On the other hand, the Social Security Fund saved £45 million in 2025, a 39% decrease from the year before.

The government workforce set the island back £695 million in 2025, which is up by 5%.

This is despite the ongoing recruitment freeze in most areas and cuts to third-party workers such as consultants and external agency staff.

Chief Executive Officer, Andrew McLaughlin, saw a pay rise of around £100,000, from between £220,000 and £230,000 in 2024 to between £325,000 and £330,000 in 2025.

Assistant Chief Executive, Tom Walker, saw the same uplift in his wage.

Treasury Minister, Elaine Millar

Minister for Treasury and Resources, Deputy Elaine Millar, says these accounts demonstrate our commitment to affordability, sustainability and long‑term stability, while protecting essential services and supporting islanders.

"They reflect responsible spending and our continued protection of the island’s reserves.

"It is essential that the momentum from 2025 is maintained, to curb recent years’ growth, and ensure that we live within our means, planning carefully, so that we can meet both current needs and future challenges."