The island is closer to balancing its books, in revenue terms, that originally suggested.
It should be possible by the February Budget to announce that the Island should no longer have to draw on reserves, according to the Chief Minister.
However, he warns, there still exists the need to plan ahead.
Balancing is fine, he says... .
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David Lammy appointed new UK Justice Secretary
He takes over from Shabana Mahmood
Date set for Bryan Kneale sculpture unveiling
'Eelips' to be unveiled in St John's
Braddan Commissioners submits planning application for TT camping
The local authority wants to use The Roundhouse for 53 tents
Island "tackling crime" ahead of MONEYVAL assessment
Chief minister says it's difficult to balance compliance with competitiveness