Tynwald asked to approve creation of auditor general this month
Setting up an office to identify ways for government to save money would require an annual budget of £855,000.
Tynwald will be asked to approve plans to establish a Tynwald Auditor General at this month's sitting.
It's estimated the role would identify savings in excess of £1million per year.
Chairman of the Tynwald Management Committee, Speaker of the House of Keys Juan Watterson, says the Isle of Man is one of a small number of countries not to already have such a system in place:
Government suffers fresh defeat over North and West Area Plan
Steam Packet confirms overnight sailings cancelled
Plans to be submitted for Ramsey Harbour flood defence scheme
"Substantial progress" made on design of new Castle Rushen High School, says minister
"Demand for green, clean energy is rising amongst all businesses", says MUA