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:
"It helped save my life"
Charity hosts pop-up event to promote lifesaving overdose reversal spray
Boutique hotel planned for Peel
Plans also include improvements to nearby Castle Street Gardens
Former TT rider's family at risk of losing house after rejected insurance pay out
Helayna Ingham, wife of Daniel Ingham, posted an emotional plea on social media
Dog wash machine planned for promenade
It would allow people to wash and dry their dogs on the go
