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]
