Guernsey States income grows by £23m

Guernsey's States has managed to end 2017 with a surplus of more than £23 million, according to estimated figures.

It marks an increase of more than 5% compared to the previous year, with a total revenue income of £430 million.

The provisional figures were revealed by the Policy & Resources Committee in the States this morning.

It is the second successive year the island has recorded an surplus, after eight years of running a deficit.

Committees under-spent on their budgets by £5 million, while income tax receipts increased by 4%.