With just over 2 weeks to go until the Isle of Man’s most important budget in recent memory Treasury Minister Anne Craine has spoke to 3FM about the lessons learnt over the past 2 years.
She has the task of plugging the deficit brought about by the loss of VAT revenue.
The loss of income this year stands at £142 million.
The loss of VAT revenue has led to Government Departments having to seriously rethinking their strategies in an effort to meet their 15% spending reductions.
Minister Craine has said it’s important to acknowledge the positives instead of just the negatives from the past 2 years.
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