The Isle of Man Treasury has published the Central Government Summary Management Accounts for the 2025-26 financial year, showing an overall positive variance of GBP 40.8 million against budget. The better-than-budgeted outturn was driven largely by income tax receipts exceeding forecasts across individual tax, company tax and ITIP/subcontractors. Employee costs and other operating costs were higher than budget, but departments used internal fund claims to supplement revenue spending and keep overall budget targets met. The Department of Health and Social Care required a GBP 19 million supplementary vote agreed at the June 2026 sitting of Tynwald, while the Department of Education, Sport and Culture ended the year GBP 1.9 million under budget.
The Treasury (Isle of Man)2026-07-20
Isle of Man Treasury publishes 2025-26 government accounts showing GBP 40.8 million positive budget variance
The Isle of Man Treasury has published the 2025-26 Central Government Summary Management Accounts, which show a GBP 40.8 million positive variance against budget. Higher income tax receipts across individual, company and ITIP/subcontractor categories offset above-budget employee and operating costs. The Department of Health and Social Care required a GBP 19 million supplementary vote, while the Department of Education, Sport and Culture finished GBP 1.9 million under budget.