Written Ministerial Statement

The content of this written ministerial statement is as received at the time from the Minister. It has not been subject to the official reporting (Hansard) process.

Department of Finance- Fresh Start 2016

Download this statement as a PDF (371.99 kb)

Published at 12.00 noon on Monday 5 December 2016.

Mr Ó Muilleoir (The Minister of Finance):  In accordance with Section 64 of the Northern Ireland Act 1998, as amended by the Northern Ireland (Stormont Agreement and Implementation Plan) Act 2016, I am now outlining the amount of funding available to the Executive as notified to me by the Secretary of State.

Following the British Chancellor’s Autumn Statement, announced on the 23 November, the Executive’s DEL budget is as set out in the tables below. This includes the element of ‘Fresh Start’ funding where drawdown in specific years has been agreed.

Resource DEL

£million

2017-18

2018-19

2019-20

RDEL Block Grant

10,454

10,476

10,508

Of which Non Ring-fenced

9,896

9,902

9,921

Of which Ring-fenced

558

574

587

Additional Funding   for PSNI

34

34

31

Return of 2015-16   welfare deduction

21

 

 

Shared Future   Funding

12

12

12

Tackling   Paramilitary Activity

5

 

 

Welfare Reform –   Fraud and Error

25

25

25


Capital DEL

£million

2017-18

2018-19

2019-20

2020-21

CDEL Block Grant

1,192

1,232

1,291

1,326

Of which General CDEL

1,091

1,155

1,224

1,271

Of which Financial Transactions Capital

101

77

67

55

Shared Education   and Housing

7

19

10

6

Capital Borrowing   – RRI

200

200

200

200

Capital Borrowing   – SHA

100

50

 

 

 

In addition to these amounts, the Executive, under the Fresh Start Agreement will have access to:

Resource DEL

£million

2017-18

2018-19

2019-20

2020-21

Institutions to   deal with the past

30

30

30

30

Welfare Reform – Fraud and Error

 

 

 

25

PSNI Security Funding

 

 

 

30

Tackling   Paramilitary Activity

 

5

7.5

7.5

Shared Future   Funding

 

 

 

12

 

Capital DEL

£million

2017-18

2018-19

2019-20

2020-21

Shared Education   and Housing

43

31

40

44

 

This Fresh Start Agreement funding will be available for draw down subject to further agreement between the Executive, the NIO and the British Treasury.

The Fresh Start Agreement also provided the Executive with the flexibility to use RRI borrowing for Voluntary Exit Schemes – up to £200 million in 2017-18 and up to £100 million in 2018-19.  It also provided additional borrowing for capital investment in projects that promote regional economic growth of £100 million in 2017-18 and £50 million in 2018-19.

Over the coming few weeks the Executive will agree a one year Resource DEL budget for 2017-18 and a four year Capital DEL budget for the period up to 2020-21.  This will be laid before the Assembly for consideration.

Attached for information are the tables and explanatory notes, as provided by the Secretary of State.

[SEE PDF]

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