Fiscal Framework

Part of Oral Answers to Questions — Finance – in the Northern Ireland Assembly at 2:00 pm on 7 May 2024.

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Photo of Caoimhe Archibald Caoimhe Archibald Sinn Féin 2:00, 7 May 2024

The Member will be aware of some of the work of the Fiscal Council around the fiscal floor. He will be aware that the Executive do not accept that 124% is the level of need and also that some additional modelling has been done by the Fiscal Council to take account of other factors, such as policing and justice, which could, potentially, see that factor of need being higher.

We want to build on that. We are engaging with Treasury on the actual level of need and ensuring that that level of need is baselined into our Budgets so that we are in a position to deliver high-quality public services and have more sustainable public finances.