Government departments will have to pay for Treasury loans in the future.
From 2015, a one per cent charge on the borrowing amount will have to be paid.
Treasury Minister Eddie Teare announced the initiative during a sitting of the Economic Policy Review Committee.
He outlined why he's bringing in the policy:
Manxman repairs expected to exceed £2.5m
The Steam Packet's flagship has been out of action since July
Treasury Minister: Taxpayer footing Manxman repair bill
Steam Packet has previously said it would be paying
Island's youngest ever MHK says he has 'a lot to prove'
Eighteen-year-old Daniel Davison elected in Glenfaba and Peel
"Clearly I'm a candidate" for chief minister - Chris Thomas
Douglas Central MHK re-elected for the fourth time