Public Expenditure: Northern Ireland
(asked on 2nd November 2020) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how much funding has been returned to his Department from the Northern Ireland Executive in each of the last five financial years.
This question was answered on 5th November 2020
The Statement of Funding Policy sets out the amount that the Northern Ireland Executive is able to put through Budget Exchange, which allows the Executive to carry over underspends from one year to the next. A limit of 0.6% Resource DEL and 1.5% Capital DEL can be carried forward in any year. Any underspends in excess of these limits will be forfeited unless exceptionally agreed otherwise with HM Treasury.
The Statement of Funding Policy sets out the amount that the Northern Ireland Executive is able to put through Budget Exchange, which allows the Executive to carry over underspends from one year to the next. A limit of 0.6% Resource DEL and 1.5% Capital DEL can be carried forward in any year. Any underspends in excess of these limits will be forfeited unless exceptionally agreed otherwise with HM Treasury.
The Northern Ireland Executive publishes information on underspends in end of year accounts and underspends for the past 5 years are published here: https://www.finance-ni.gov.uk/sites/default/files/publications/dfp/FOI%20DOF%202020-0091%20Response.pdf