Finance Minister to bring 'very difficult' budget paper to Executive tomorrow

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Department Of Finance,Stormont

'We have a very limited pot of funding available'

Finance Minister Dr Caoimhe Archibald has said that she intends to bring a "very difficult" budget paper to the Exectuive tomorrow.

"We are in a really challenging budgetary situation. We had a financial package from the British Government on the restoration of the Executive. It sounded like a big number but of the £3bn of that package, £1bn has already been spent last year in terms of dealing with pay and the overspend that were accrued as a result of the really difficult budget from the Secretary of State last year," she said.

The Minister said that what she has proposed "will be a very difficult budget" and that it will be "really challenging" for each of the departments. "I do anticipate that there will be really difficult discussions with Executive colleagues because it is really challenging and it has been a process where I have engaged with Ministers and I have had to make difficult decisions around how to allocate that money and I have tried to allocate it according to our priorities as an Executive.

 

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