Treasury Minister says reserve spending isn't bad financial management

Fri, 11 Dec 2015

Spending hundreds of millions of pounds from government reserve funds isn't 'bad financial management'.

That's according to Treasury Minister Eddie Teare - he says nearly £419 million has been pulled to cover government spending since 2010.

The funds are also being used to drive economic growth - £50 million for the Enterprise Development Scheme is being drawn from the same pot.

Mr Teare says it's working hard to keep the Island afloat: