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Treasury Minister to be asked about rebalancing plan

Treasury Minister Eddie Teare will tomorrow be asked to elaborate on his November statement where he said Government is currently progressing well on the 5 year rebalancing plan.

Liberal Vannin member Zack Hall will seek to find out the finer details, like when it was formulated and exactly what period it covers.

Minister Teare will be asked what adjustments have been made to compensate for reduced Treasury income from the 2011 revisions to the revenue sharing arrangements with the UK.

The Onchan MHK will also ask for evidence that demonstrates that Government is on target to successfully deliver the savings outlined in the plan.



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