The Treasury Minister says there are encouraging signs of recovery in the Manx economy, but the Island must continue to be wary of outside factors such as the current problems in the Eurozone.
That was the key message from Eddie Teare who appeared before the Tynwald Economic Policy Review Committee with his department's chief financial officer Mark Shimmin on Friday.
Mr Teare told the committee the Island's economy grew by 2.1% in the last financial year and is forecast to grow by 3-5% in 2012/13.
He also said that revenue to the Treasury from income tax and national insurance is higher than expected.
The committee's chairman Leonard Singer MHK was generally encouraged by what he heard:
Emergency services attending RTC near Ballasalla
Services to begin to return to Ramsey and District Cottage Hospital in mid-May
Crookall: 'DoI must rebuild trust with local authorities in wake of Clause Five'
Douglas woman believes 'first-hand' input to government ADHD plans is key
Roadworks and affordable housing concerns raised by Douglas East residents