Northern Ireland will get a ‘needs-based’ top up to its normal funding allocations.
BBC News NI economics and business editorAbout £24m of extra money will immediately be available for Stormont’s budget.
The agreement also means that Stormont will not face a financial "cliff edge" in 2026 when one-off funding from theThe Executive has received an assurance it will be funded "at need" in 2026 but what that amounts to will not be clear until the next government carries out a UK-wide spending review.
The SDLP's Matthew O'Toole described the interim deal as a "one-sided" document which is an "embarrassing restatement of all the areas where Executive parties have already folded to Tory and Treasury demands with only flimsy promises of future reviews of Northern Ireland’s funding needs". Independent experts on the Northern Ireland Fiscal Council have estimated that Northern Ireland needs about £124 per head for every £100 per head spent in England.
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