Al Pinkerton
Main Page: Al Pinkerton (Liberal Democrat - Surrey Heath)Department Debates - View all Al Pinkerton's debates with the Northern Ireland Office
(1 month, 4 weeks ago)
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Dr Al Pinkerton (Surrey Heath) (LD)
The budget sustainability plan highlights that Northern Ireland has been systemically underfunded, with the fiscal council estimating an annual shortfall of between £300 million and £400 million since 2022. Meanwhile, the Northern Ireland Executive reported a £559 million overspend between 2022 and 2024. What measures are the Government taking to address Northern Ireland’s immediate budgetary pressures, ensure long-term financial stability and equitable funding, and, crucially, guarantee sustainable public services?
Hilary Benn
In addition to the £3.3 billion package that followed the restoration of the Executive, the Executive gained £185 million in July when the main estimates were published. In order to avoid having to repay the debt that the hon. Member refers to, they have to put their finances on a sustainable path, deliver a balanced budget, and raise the additional £130 million revenue to which they committed when the deal was done. The fiscal council’s view is that 124% is the right funding.