Stormont budget: Treasury allows more time to repay £300m overspend

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Stormont budget: Treasury allows more time to repay £300m overspend
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Stormont can repay a £300m budget overspend across two years rather than one, says Northern Ireland Secretary chhcalling as he sets out the budget for this year

Mr Heaton-Harris said the overspend would be cleared by using any additional in-year funding from the Treasury.

He repeated that lower levels of revenue generation but higher public service provision in Northern Ireland compared to the rest of the UK was "unsustainable". He described allowing the overspend to be paid down over two years as being the least worst option, compared to doing it immediately which "would have implied very large spending cuts in this year".warned that the "damage" caused by the proposed budget reductionsWriting to Mr Heaton-Harris's office, she outlined her "profound concern" about senior civil servants being placed in "harmful decision-making positions" about which services should be cut.

Speaking before the meeting with Mr Heaton-Harris, former Sinn Féin Finance Minister Conor Murphy said he did not expect good news to come out of the budget, and sait it would continue to punish ordinary working families.

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