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Losses on investments impacts government deficit

Figure more than double that of 2014/15

The £185 million government deficit in 2015/16 was heavily impacted by losses on investments, says the new chairman of the Public Accounts Committee.

The figure in the income and expenditure account at the end of the last financial year stood at just shy of £121 million for unrealised losses, more than double what it was in 2014/15.

PAC Chairman Juan Watterson MHK explains what that means:

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