Drawing down £150m for the fiscal year
The government has come under fire for syphoning cash from reserves to bolster its structural deficit.
Former government economist, John Webster says the administration's reliance on considerable sums from its reserves fund is 'ridiculous'.
The structural deficit is the amount spent over and above its income from taxation.
Mr Webster doesn't believe the policy is sustainable:
Storm Éowyn 'could be historic'
Potential for weather warning to be upgraded
DESC faces scrutiny over changes to school swimming lessons
Minister says move will save approximately £80,000
Politicians approve end of MiCard service amid concerns for vulnerable residents
Service to end on 31 December 2025
Number of people out of work rose in December
Island's unemployment rates stands at 0.8%
