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:
Island's first rapid EV charger being installed
Once operational, the site will retain its existing charger, increasing overall capacity to four charging bays
Mooir Vannin could be first of many
Dr Alex Allinson, who is retiring as Ramsey MHK at this year's general election, gave evidence to the final hearing by the independent panel.
'Significant investment or redevelopment' needed at Ramsey District Cottage Hospital
Manx Care is 'planning a sustainable long-term solution'
Braddan Commissioners open expressions of interest for TT camping at Roundhouse
Local authority wants to provide family friendly accommodation