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Government departments will have to pay for Treasury loans in the future.
From 2015, a one per cent charge on the borrowing amount will have to be paid.
Treasury Minister Eddie Teare announced the initiative during a sitting of the Economic Policy Review Committee.
He outlined why he's bringing in the policy:
Researching your Manx family history can be a very interesting and rewarding hobby. Trace your roots in the Isle of Man with our helpful of guide.
Stephen Savage joins Quinn Legal’s Corporate and Commercial legal team.
When the clocks sprung forward we lost another precious hour of sleep
The GFoGE guide to obstacle races & why should you do one.
Why not take a "Wallaby" walk in the Curragh?
Hop-tu-Naa is an ancient festival celebrated on the Isle of Man
The Isle of Man hosts many traditional ceremonies throughout the year