Isle of Man budget 2021: How much has the pandemic cost the Manxan government? | Grenade

The pandemic is estimated to cost the Isle of Man government around £ 208million, following two lockdowns and borders that have remained closed to non-residents since March 2020.

Isle of Man has spent the majority of 2020 out of the lockout live life with very few restrictions, including no social distancing.

Despite the cost, Treasury Minister Alfred Cannan MHK said the absence of COVID kept the economy operating near normal.


A “ resilience budget ”

Alfred Cannan MHK presented this morning the “resilience budget” in the Tynwald by defining the final budget for the administration.

Public spending is also expected to increase to £ 1.161 billion, which equates to £ 13,740 per person and an increase of 3.9%.

An additional £ 15million has also been allocated for investment projects, bringing the total available to £ 182million.

This included continued renovations to the Douglas Promenade and the Liverpool-based Isle of Man ferry terminal.

The budget at a glance:

  • The coronavirus pandemic is costing the government £ 208million.

  • Income spending for 2021/22 is budgeted at £ 1.161 billion, an increase of 3.9%.

  • Tax rates, national insurance contributions and personal allowances are unchanged.

  • £ 18.8 million more for utilities.

  • £ 15m for ‘Manx Care’.

  • Just under £ 17million committed to tackle climate change.

  • £ 8.1m for regional wastewater treatment works in Peel, Laxey and Baldrine.

  • £ 6.2m for the 60-bed Summerhill View senior living unit.

  • £ 3.7million for the replacement of Pulrose Bridge.

  • £ 2.5m for the replacement of electricity meters.

  • £ 1.8million for the replacement of the pathology information management system at Noble Hospital.

  • £ 1.6m for a special waste landfill.

  • £ 1.5m for the renovation of West Quay in Ramsey.

  • £ 1.2m for the Douglas Promenade horse-drawn tram.

New figures also showed that 1,034 people are now unemployed, which represents an increase of 2.4% from 1.8% in December 2020.



Source link

About Lillian Coomer

Check Also

Adventurer’s World’s First Running, Swimming and Cycling Marathon to Save Scotland’s Killer Whales

A SCOTTISH adventurer seeks to become the first person in history to run, swim and …

Leave a Reply

Your email address will not be published. Required fields are marked *