Teare ready to deliver his first budget speech

Mon, 20 Feb 2012

The Treasury Minister is getting ready to deliver what's being seen as the Island's toughest budget in a number of years.

Eddie Teare will give his first budget speech tomorrow morning at this month's Tynwald sitting.

Chief Minister Allan Bell has previously warned that due to the economic situation, some unpopular decisions will be made as the government cuts back its spending.

One thing that leaked out ahead of the budget was the news that the Department of Education and Children is to close its pre schools and this has already led to a public backlash.

Full details of the budget won't be revealed until the morning.

Minister Teare says a number of factors have influenced what the Treasury can do.[play media file below]