£21.3m from income tax will go towards reserves
The treasury minister says additional funds from income tax is a result of economic growth and changes to the government sector on the Isle of Man.
Over the last financial year government recorded £21.3 million more from income tax than expected - it's lead to the Manx Taxpayers Alliance calling for the extra money to be returned to tax payers.
But Alex Allinson says it will go back to the reserves:
He added for the last decade, government has been spending more money on services than it's been bringing in in revenue but the idea is to balance that out though a medium term financial plan - which will look to build it up.
You can listen to the full interview here:
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