Government departments will have to pay for Treasury loans in the future.
From 2015, a one per cent charge on the borrowing amount will have to be paid.
Treasury Minister Eddie Teare announced the initiative during a sitting of the Economic Policy Review Committee.
He outlined why he's bringing in the policy:
Farmers' union calls for stronger legislation to tackle ongoing problem of sheep worrying
MNFU survey reveals impact of issue on Manx agricultural community
Steam train offers extra commuter service amid bus strikes
Bus drivers are due to enter their fourth round of industrial action
1-2% of vehicles on Island's roads untaxed
Department of Infrastructure estimates loss of income of £110,220
Information Commissioner upholds complaint over Cabinet Office FOI handling
Department told to reconsider response on Area Plan documents after failings in redactions, review process and timing
