Treasury Minister Alfred Cannan looks set to bring forward a revised Budget in the coming months.

Usually the island’s Budget is announced in February, however a revision of the Treasury’s financial forecast and spending plans will be needed.

The ongoing Covid-19 pandemic has brought major challenges to the island, with unemployment more than doubling in one month and millions being poured into businesses in an attempt to save jobs.

During today’s press briefing Enterprise Minister Laurence Skelly said that the revised Budget looks set to be introduced in July.

You can read an overview of the February 2020 Budget here:

http://www.iomtoday.co.im/article.cfm?id=54058&headline=Budget%202020%20at%20a%20glance&sectionIs=NEWS&searchyear=2020