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June 24 - Full Text Of Chief Minister's Budget Speech

Mr Speaker,

This is my tenth budget session as a member of this Parliament and second budget address as Chief Minister and I now have the honour to present the Government’s revenue and expenditure estimates for the year ending 31st March 2014.

Mr Speaker, this debate on the second reading of the Appropriation Bill has traditionally also been not just about economics, it is also a State of the Nation address touching areas beyond the numbers in the schedule to the Bill.

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June 24 - Budget Summary

This is a summary of the state of the economy as set out more extensively in the Chief Minister's full address to Parliament and of the budget measures contained therein.

ECONOMIC PERFORMANCE

•        Record Budget Surplus – highest ever at £37.174m.

•        GDP growth of 7.8% (£1.137bn to £1.226bn).

•        On target to meet or exceed GDP of £1.65bn by 2015/16.

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