The treasury minister has received broad support for his budget after a long debate in Tynwald.
Concerns were raised about issues ranging from the public sector pensions deficit to the impact of some policies on older members of society.
Five MHKs voted against the budget, thought to be the highest number of rebels in 20 years.
Liberal Vannin members Peter Karran and Kate Beecroft voiced their opposition during the post-budget debate which lasted almost six hours.
However Zac Hall, Brenda Cannell and Chris Thomas did not register any opposition before voting against.
Mr Thomas who had earlier presented a 6000 signature online petition to the court opposing the toilet tax, said the issue had swayed his decision.
Mr Teare responded to criticisms there was no long-term strategy for public finances by announcing a new fiscal plan would be drawn-up for next year and beyond.
Speaking after the vote, Mr Teare said in the meantime things remained on track and he was pleased government had met its own target for efficiency savings: