Public sector spending deficit needs immediate attention, says MHK

That's the answer from Treasury after it was probed by Michael MHK Alf Cannan in the House of Keys this week. 

 

In the year 2013/14, the deficit stood at £110 million - £78 million of that figure was topped-up by the Reserves Fund. 

 

Minister Eddie Teare says that can't continue to happen - because the fund is running out. 

 

He explains what needs to be done: