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Isle of Man treasury minister reveals budget of resilience

BBC News Published image captionMr Cannan said the government s spending in 2020 had protected this nation A budget of resilience , aimed at stabilising the Manx economy in the wake of the Covid-19 pandemic, has been unveiled by the treasury minister. Setting out the present government s final budget in Tynwald, Alfred Cannan said the public cost of coronavirus in 2020-21 had been about £208m. He said government spending would rise in the coming year to £1.161bn, which equated to £13,740 per person. He also announced additional funding for health and climate change projects. Mr Cannan said the figure for Covid-19 spending included more than £100m spent on supporting the economy and revenue losses, which he said had seen a very significant £74m deficit.

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