Only £600m available in accessible reserves
The Isle of Man cannot continue to ‘live beyond its means’.
The treasury minister is preparing to publish the quarterly accounts which show government’s income and expenditure.
The Isle of Man Government has reserves over more than £1.7bn but only £600 million of that is accessible.
Alex Allinson says a number of departments will report overspends; Manx Care’s already forecast a £16.8 million hole.
He told Manx Radio repeated overspending is more of a problem than capital projects which go over budget:
Hospital bed occupancy exceeds 90% in multiple years as pressure builds at Noble's
Interim report into death on Manx registered bulk carrier
Police respond to social media concerns about 'suspicious' man
Douglas City Council proposes city centre initiatives including sculpture and markets
Cash boost for psycho-oncology service