The island is closer to balancing its books, in revenue terms, that originally suggested.
It should be possible by the February Budget to announce that the Island should no longer have to draw on reserves, according to the Chief Minister.
However, he warns, there still exists the need to plan ahead.
Balancing is fine, he says... .
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Nurses to be asked for views on three-year pay offer
RCN negotiations with Manx Care will be led by feedback
Do you think ferry passengers should have to carry ID?
Consultation opens on proposals to require passengers to carry identification
New director appointed at Isle of Man Airport
Mark Beveridge has previously worked at Aberdeen, Glasgow and Southampton airports
Ramsey Commissioner Wilf Young dies
He served on the local authority for 24 years
"We need people to complain", says taxi regulator
RTLC urges people to report cases of taxis overcharging on fares