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:
Manx businesses urged to check whether websites use PHP
Decision to raise freight fuel surcharge 'not taken lightly'
Friday's Larne sailings cancelled due to adverse forecast
Local haulier says latest Steam Packet fuel surcharges can't be absorbed