 The general reserve fund currently stands at �45m |
Jersey's States may have to spend up to 80% of its reserves in the next year. Over half of Jersey's general reserve may have to be set aside to pay for pensions and wages.
States members are being asked by the Finance and Economics Committee to set aside just over �24m for pay and pensions out of the �45m general reserve fund.
About a fifth of that has already been allocated for spending on pay and pensions, leaving �28m in the reserve fund.
But other requests for money from the fund, which is used for unforeseen and urgent island spending, are already up at just over �19m.
If all those requests were to be granted, the fund would drop to just over �9m.
The Finance and Economics Committee is asking other States committees to try and find new sources of income so that more money from the general reserve can be saved.
One-Minute World News 
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