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Budget 2016-17

Part of Executive Committee Business – in the Northern Ireland Assembly at 6:30 pm on 19th January 2016.

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Photo of Mervyn Storey Mervyn Storey DUP 6:30 pm, 19th January 2016

No, I am not going to give way because there are still things that I want to say, and I have only 30 minutes.

There was also criticism of the impact that it would have on capital investment. However, it must be remembered that the Stormont Agreement and the implementation plan provided for an additional £100 million for capital projects as well as an additional £50 million for shared education and housing initiatives. Furthermore, the Executive have made the decision to use £25 million of their RRI borrowing for capital projects. So, for borrowing, I think we have clearly seen what the benefit of that particular process is.

Let us come to Mr Nesbitt, who is not here. He has already been wrong on the issue of borrowing. He claimed that we had a fantasy Budget for 2015-16, and he was wrong. What is his alternative? Well, he wants to compare us to the Republic of Ireland. In fact, my colleague Mr Poots stole my thunder on the issue —