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Public Expenditure: Northern Ireland

Treasury written question – answered on 28th October 2019.

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Photo of Gavin Robinson Gavin Robinson Shadow DUP Spokesperson (Home Affairs), Shadow DUP Spokesperson (Defence)

To ask the Chancellor of the Exchequer, how much Financial Transactions Capital funding Northern Ireland Government Departments have (a) requested and (b) received since the inception of that scheme in 2012-13.

Photo of Gavin Robinson Gavin Robinson Shadow DUP Spokesperson (Home Affairs), Shadow DUP Spokesperson (Defence)

To ask the Chancellor of the Exchequer, how much Financial Transactions Capital funding has been allocated to Northern Ireland Government Departments in each year since the inception of that scheme in 2012-13.

Photo of Gavin Robinson Gavin Robinson Shadow DUP Spokesperson (Home Affairs), Shadow DUP Spokesperson (Defence)

To ask the Chancellor of the Exchequer, how much Financial Transactions Capital funding has been allocated to each Northern Ireland Government Department in each year since 2012-13.

Photo of Gavin Robinson Gavin Robinson Shadow DUP Spokesperson (Home Affairs), Shadow DUP Spokesperson (Defence)

To ask the Chancellor of the Exchequer, how much Financial Transactions Capital funding each Northern Ireland Government Department has drawn down in each year since 2012-13.

Photo of Gavin Robinson Gavin Robinson Shadow DUP Spokesperson (Home Affairs), Shadow DUP Spokesperson (Defence)

To ask the Chancellor of the Exchequer, how much Financial Transactions Capital funding Northern Ireland Government Departments have returned to his Department in each year since 2012-13.

Photo of Rishi Sunak Rishi Sunak The Chief Secretary to the Treasury

The Treasury sets the Northern Ireland administration’s overall Financial Transaction Capital budget through the normal operation of the Barnett formula.

The annual Financial Transaction Capital budgets of the Northern Ireland administration and total Financial Transaction Capital returned to HM Treasury by the Northern Ireland administration for the period 2012-13 to 2020-21 is set out in the table:

(£m)

Financial Transaction Capital budgets

Financial Transaction Capital returned to HMT

2012-13

11.8

0.0

2013-14

46.8

0.0

2014-15

62.8

0.0

2015-16

129.0

0.0

2016-17

59.2

34.5

2017-18

166.9

109.4

2018-19

182.2

171.9

2019-20

192.4

n/a*

2020-21

192.8

n/a*

Total

1043.9

315.8

*Underspend data is not available until the end of each financial year.

Financial transaction funding is ring-fenced for loans or equity investments to the private sector.

The use of these Financial Transaction Capital budgets is a matter for the Northern Ireland administration. This includes the allocation of Financial Transaction Capital budgets to Northern Ireland departments, the drawdown of these allocations, approvals processes, and details of projects that have been funded.

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