But treasury minister admits there are problems with government spending
The treasury minister believes the Island is in a better position financially than most other jurisdictions.
Alex Allinson admits there are problems with government's spending.
He told Manx Radio work is currently ongoing to tackle Manx Care's budget issues, with the healthcare provider currently forecasting an operational overspend of £9million.
Dr Allinson says other countries are facing bigger challenges:
Storm Boelo updates
Weather warnings will be in place throughout the weekend
New amber warning issued
Storm Boelo is bringing strong winds and rain to the Island
Island Rotary Club Marks World Polio Day
Rushen & Western Mann branch donates to disease eradication fund
Douglas Council says 'anti-fragile' systems in place to deal with severe storms
Leader Devon Watson says council budgets for 'unforeseen circumstances'