Guernsey facing 'critical challenges' in public finances, says Chief Minister

Deputy Ferbrache says the States would have to act without delay, prioritising spending and not taking up "vanity projects".  Credit: ITV Channel TV

Guernsey is facing "critical challenges" in its public finances, according to the Chief Minister.

Deputy Peter Ferbrache spoke at today's States Meeting (28 April) following revelations last week that the Bailiwick is facing a £56 million deficit by 2025 because of an ageing demographic and shrinking working population. Deputy Ferbrache says the States would have to act without delay, prioritising spending and not taking up "vanity projects". 

Deputies also debated the island's economic recovery post pandemic with hopes of strengthening air and sea links.

Deputy Neil Inder, President of the Committee for Economic Development, says he is optimistic that "Guernsey will come out of the pandemic in a better place".