News Formal

Stormont: Finance Minister warns of £767m Stormont pressure

  • 📰 BBCNewsNI
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 52%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Caoimhe Archibald tells the assembly that ministers will have to avoid spending over their budgets.

Stormont departments are currently facing spending pressures of £767m, the finance minister has told MLAs.Caoimhe Archibald said Stormont can expect to get about £500m extra as a consequence of October’s Westminster budget.

She said the Treasury has been "explicit" that any overspend this year would trigger the suspended repayment of a previous £559m overspend. Ms Archibald also signalled that she is set to propose measures which will mean higher rates bills for some households or businesses.The minister said she wants to "build a progressive rates system which grows our tax base and stimulates our economy".

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 95. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

North Lanarkshire Council’s finance convener meets Scotland’s Finance SecretaryThe meeting comes in the wake of the alarming announcement regarding up to £500 million in cuts to Scotland’s public services, highlighting the growing financial crisis facing local government.
Source: Daily_Record - 🏆 9. / 89 Read more »