Mortgage tax relief stays but deputies shy away from freezing committee spending.
The Budget debate was opened by deputy Gavin St Pier with a warning that tax hikes, like those on property, are having an adverse affect on islanders:
"We really cannot increase these taxes and duties much any more.
"We are pretty much at the end of the road at which our current structures can deliver."
This comes as two separate work streams are investigating a goods and services tax coupled with adjustments to social security payments, known as GST plus, and additional corporate taxes.
An attempt to bring discipline to committee spending by deputy Andy Sloan was defeated, despite his appeal to members to stop 'fiscal drift.'
"Pay costs, already our largest single expense, are forecast to reach £360M, almost 7% higher than last year's budget.
"That is not prudence sir, that is drift."
Environment president Adrian Gabriel warned capping budgets would affect services and the first, most severe amendment to the 2026 budget, was lost.
Smokers and those who vape will be hit hardest, with 13.3% increases in tobacco tax and the introduction of a vape tax, per bottle bought, of £2.20 which will come into effect late next year.
The personal income tax allowance increases by £600 to £15,200.
Tax relief on mortgage interest stays and a successful amendment will look at further incentives for potential property buyers.
Deputy Jayne Ozanne was unsuccessful in persuading members to reduce the 4.3% increase in fuel duty, which also covers motor tax.
In terms of tax receipts, Guernsey will look to Jersey to try to better forecast the millions it will recoup from Pillar Two.
This is the OECD initiative to make sure multinationals, like Google and Amazon, pay at least 15% tax wherever they operate, including the Channel Islands.
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