Sursis Motivé

To sursis the propositions and to direct the Policy & Resources Committee to return to the States by no later than 15th July 2026 with a revised Fiscal Policy Framework which shall address the matters identified by the Scrutiny Management Committee in its Letter of Comment, including:

(a) the articulation of a clear and consistently applied core fiscal principle;

(b) the inclusion of clearer and more transparent constraints governing deficits, borrowing and cash-flow management, sufficient to enable prospective assessment of compliance;

(c) a coherent and justified approach to the treatment, accessibility and replenishment of reserves; and

(d) strengthened governance and independent oversight arrangements, including clarification of the role, remit and independence of the Fiscal Policy Panel.