That's according to Dr Alex Allinson, who made a statement in Tynwald this week.
It comes following the government confirming a third round of support payments for struggling families this winter.
So far, around £11m has been paid out, with residents now being encouraged to make their homes more energy efficient.
However, speaking in Tynwald, Dr Allinson said we need to create a 'safe and sustainable' Island for future generations:
Former Montpelier boss faces bankruptcy hearing
The multimillionaire head of a former trust company that went into liquidation could be declared bankrupt this summer.
Commissioners disappointed over end of police drop-ins
Commissioners in Onchan say they're sad to see the end of community police drop-in sessions for the village.
Manx Utilities minds its dam business
Manx Utilities says it's taking on a big project on a dam near South Barrule.
92 new homes for Peel approved
Peel will get a new housing estate of more than 90 homes after planners approved proposals from developer Dandara.
No data on government workers with emotional support animals
The government says while it discourages employees bringing pets to work, it doesn't have a policy on emotional support animals.
Get your Covid vaccination from this week
A spring coronavirus vaccination programme is due to start next week.
New look for Poulsom Park?
There's a chance to find out about a possible new look for a park in the south of the Island.
Dog attack on chickens sparks woman's ire
A woman in the west of the Island has hit out after a loose dog killed one of her birds.
