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Budget 2016-17

Part of Executive Committee Business – in the Northern Ireland Assembly at 3:45 pm on 19th January 2016.

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Photo of John McCallister John McCallister UUP 3:45 pm, 19th January 2016

I am grateful to the Member for giving way. I think that is an incredible statement. Yes, you could make an argument for borrowing to invest in capital projects but not for borrowing just to pay your way or, indeed, at times, to make people redundant. Mr Nesbitt's point was that it will cost £60 million to service the debt each year, and we are going to push up borrowing from £2·1 billion to £3 billion. That is an incredible figure when you look at the scale of Northern Ireland's finances.