Rushen MHK Juan Watterson says he is looking for strong leadership from the chief minister to steer the Island through the financial troubles it faces from April next year.
He wants Tony Brown to set up three working groups to look at the structure of the Manx Government, and its income and expenditure.
Mr Watterson says they should include members of the business community and other key individuals, as well as politicians.
However, he says action is needed now:
Inquest into death of MGP competitor continues
Louis O'Regan sustained fatal injuries in incident at Kate's Cottage
Manx Utilities apologises for road closure amid 'essential maintenance'
White Hoe works caused significant traffic disruption in Douglas yesterday
Teen accused of wounding with intent to murder appears in court
19-year-old denies possessing knife at Cornaa Beach
Section of Quarterbridge Road to close for tree works
Diversions will be in place on Sunday 15 March
Concern in Northern Ireland over fishing visas
New restrictions imposed on who can fish Manx waters