Guernsey Publishes Annual Budget for 2023

The Guernsey government has published the Annual Budget for 2023, which will be debated by the States of Deliberation on 1 November 2022. A summary of the budget measures includes the following:

Fuel, tobacco and alcohol duty:

• An increase of 4.6p per litre to 80.9p (6%) in the excise duty on Motor Fuel, in order to maintain its value in real-terms (70.9p per litre for biodiesel).
• An increase of 11% in the excise duty on Tobacco products, increasing the duty on an average packet of twenty cigarettes by 69p to £6.95.
• An increase of 7.5% in the excise duty on Alcohol, increasing the duty on a pint of standard-strength beer by 3.9p to 56.2p (28.1p if produced by a small independent brewery) (raising £250,000 in real-terms).

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Source Orbitax

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