Financing our Future

Oral Answers to Questions — Finance and Personnel – in the Northern Ireland Assembly at 3:45 pm on 16th September 2002.

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Photo of Patricia Lewsley Patricia Lewsley Social Democratic and Labour Party 3:45 pm, 16th September 2002

7. asked the Minister of Finance and Personnel for a timetable on the implementation of ‘Financing our Future’.

(AQO 103/02)

Photo of Sean Farren Sean Farren Social Democratic and Labour Party

On 21 May, I announced to the Assembly the Executive’s launch of a consultation exercise, ‘Financing our Future’, which focused primarily on the report by the working group on the opportunities for public-private partnerships (PPPs) in Northern Ireland. The consultation period, lasting some 18 weeks, has, to date, been proactive and constructive. It has included several public meetings and discussions with organisations, including representatives from the trade union movement, the business community and the voluntary sector. The process continues with today’s debate and ongoing engagement with Committees. The consultation period ends on 20 September, when detailed consideration and an evaluation of comments and written submissions will begin. The findings will be submitted to the Executive later this year, and they will make a final decision on a policy framework for PPPs in Northern Ireland.

Photo of Sean Farren Sean Farren Social Democratic and Labour Party

I thank the Member for her supplementary question, which reminds us of the significant work undertaken by the Committee on public-private partnerships. The Committee’s report made a useful and significant contribution to the discussion on the use of PPPs to fund public services. As part of the consultation process for the working group’s report, account was taken of responses to the Committee for Finance and Personnel’s report. In formulating their final policy on the opportunities for using public-private partnerships, the Executive will take account of the PPP working group’s report and the Committee’s report.