The Isle of Man Treasury published an update noting that Moody’s Credit Opinion Update has reaffirmed the Isle of Man Government’s credit rating and outlook at Aa3 stable, the same as the United Kingdom, citing economic diversity, proactive policy-making and substantial reserves. Moody’s forecasts real GDP growth of 2.5% in 2025, stabilising to 3% in the medium term, versus estimated average real GDP growth of about 1% per year over 2014–2024. The Moody’s analysis also recaps a pandemic-driven contraction in 2020, a recovery in 2021, a contraction in 2022 and a subsequent rebound. Alongside the rating update, the Government’s Summary Management Accounts for the first six months of the financial year to 30 September 2025 forecast full-year income ending GBP 24.1m ahead of budget, mainly from higher income tax receipts, removing the need for a planned withdrawal of reserve fund interest and taking total Government reserves to over GBP 2bn. Manx Care’s forecast remained consistent, with the Department of Health and Social Care projecting a GBP 11.1m overspend, while full-year net expenditure is forecast to exceed the budget by GBP 7.2m; most other departments and bodies are expected to be broadly in line with budget or show a favourable variance.
The Treasury (Isle of Man) 2025-12-08
Isle of Man Treasury says Moody’s reaffirms Aa3 stable rating as management accounts show reserves above GBP 2bn
The Isle of Man Treasury announced that Moody’s reaffirmed the Isle of Man Government’s Aa3 stable credit rating, citing economic diversity and substantial reserves. Moody’s projects real GDP growth of 2.5% in 2025, stabilizing to 3% in the medium term. The Government’s Summary Management Accounts forecast a full-year income surplus of GBP 24.1m, with total reserves exceeding GBP 2bn, despite a projected GBP 11.1m overspend by Manx Care.