Board records £1.2 million deficit over first two months of financial year
Manx Care will likely need to make full usage of Treasury's contingency fund after overspending in the first two months of the year.
The healthcare provider's accounts up to the end of May show a £1.2 million deficit in the first two months of the 2025-26 period.
The board is currently forecasting a £2 million overspend for the whole year, with variables such as staff pay awards and costs related to motorsport events among the challenges.
On top of Manx Care's £357 million budget, additional funds have been set aside by Treasury for healthcare in case of extra costs, which Designated Finance Officer Tammy Hewitt believes will be needed:
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