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Treasury Minister warns of long road ahead

Fri, 10 Aug 2012

The Treasury Minister is warning that there is still a long way to go on the road to putting the Island's finances back on an even keel.

Speaking six months on from unveiling the 2012 budget, Eddie Teare said despite difficult challenges ahead government is still in a relatively comfortable position.

The Minister says benefits and housing are the two main issues which will have implications on government expenditure.

He gave this update on how the next few years are likely to impact on government's reserves:

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• Treasury Minister Eddie Teare