The Island's National Insurance Fund has recorded another major shortfall totalling £10.4 million.
It's the second year running that spending from the fund has exceeded the NI contributions paid into it - last year the shortfall stood at £14 million.
A report published in May estimated that unless changes were made the Manx National Insurance fund would be exhausted by 2054 - with pension spending set to increase by more than 500 per cent.
Treasury Minister Eddie Teare has branded it further evidence that we're at a turning point with the welfare system and must start to make changes to ensure its future sustainability:
Last chance for poets to apply to become Manx Bard
Plenty of parking in Douglas, says council after public feedback
Fundraiser for pet-tracking drone hits over £3,000
Mountain Road will be open this evening and tomorrow
Mountain Road to close for five weeks in September
"Give us our re-use area back" says petition
Noble's Park to host fun day this weekend
Archallagan reopens to visitors
