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The benefits of a multi-year Budget are as follows. I would prefer it if there were more money in the Budget, I have to say, but being able to plan on a three-year basis allows a wide range of our public services to ensure that they are able to look at transformation differently, because they know their budget over…
It has started to an extent. We are engaging with Departments on their sustainability plans and five-year plans etc. However, it will intensify as we move forward, because I want to see a multi-year Budget presented to the Executive around December, to have an agreed Budget at that stage and then to go out to…
Does the Minister believe that the strategic rating review road map set out by his predecessor is still the best course of action to enable a much-needed comprehensive review of the rating system?
We are consulting on a number of areas — one second, please. We have completed our consultation on the cap and early payment. That report is on my desk, and I am studying it to see the way forward on that. We are out to consultation on a number of items to do with how we support businesses and on how we raise rates…
The cheek of me to ask the Opposition what their ideas are. It is really rude of me to do so, it really is. I am sure that the Speaker will challenge me over that at a later stage. The Executive fund NI Water to the tune of half a billion pounds every year, so a significant amount of funding goes to it already. I…
With respect, Minister, you have some neck asking the Opposition what their plan for NI Water is. For the past 15 months, you have been the Infrastructure Minister and then the Finance Minister. You have not brought forward a plan, Minister, so do not throw it back to the Opposition. Lough Neagh, which is our biggest…
For the record, I have not dismissed the Fiscal Council's report. It has to be noted that the Fiscal Council report makes no recommendations. It has views on a number of areas that I would expect such an independent body to examine fully. Of course, it was going to examine whether water charges should be paid directly…
The Member will be aware that FTC takes on a number of guises, and its use is flexible. The issue of repayment is open to discussion, debate and engagement among the various partners. The use of the National Wealth Fund is, again, open to engagement and discussion. It may prove beneficial to the completion of the…
Minister, we are utilising financial transactions capital (FTC), which, of course, must be repaid. Was any consideration given to using funding from the National Wealth Fund or the British Business Bank, which seem to be the alternatives that HM Treasury has mentioned for infrastructure projects?
As the Member knows, I have engaged with the NIO and the Treasury on the matter and, with others, secured the additional £50 million that is now on the table to move the project forward. The best way forward now is for all the partners to get around the table and discuss the matter. I have heard all sorts of…
Minister, as you said, all partners have a responsibility to get around the table to find a solution for getting the rest of the required funding. What can you do specifically, as Finance Minister, to ensure that the redevelopment of Casement Park will be delivered now that we have the funding from the British…
The Minister for Communities has made two bids for the stadia. I understand that one bid was for around £5 million in 2024-25 and the other was for around £2 million in 2025-26, and both bids have been met in full. I am committed to supporting all sporting organisations. I do not care who plays the sport or the shape…
Will the Minister outline to the House what engagement he has had with the Minister for Communities about the other strand of funding that is required for sport, which has sat now for over a decade, namely the funding for subregional stadia?
I am mindful that my role is to protect the public purse. In doing so, it would not be wise for me to negotiate in public or on the airwaves. The best way forward is for all interested parties to get around the table and set out clearly what they are prepared to do to deliver the project. Since last Wednesday's…
Minister, it was great news that the UK Government had offered to pay £50 million towards Casement Park, but that still leaves us £90 million short of the projected cost. Can you commit to funding being made available to meet the difference? If not, how much of the £90 million can the Executive meet to ensure that…
I have been engaging with the Treasury and the Secretary of State about the redevelopment of Casement Park. I welcome the funding from the British Government. It should give momentum to that important project, which is good news not just for Belfast but for the wider region. Casement Park is an Executive commitment of…
On the basis that we have not yet been able to reach agreement with the Treasury on the matter, I am confident. It is a benefit to the Executive, but the Treasury will see it as a loss to it. It has a point of view that I do not necessarily agree with, but it will come to the table saying, "If we give you that, we…
The Fresh Start proposal talked about savings that are verified by the OBR. That does not appear to have been progressed over the past 10 years. Are you confident that we have not missed out on potential additional Barnett consequentials here from actions taken by the UK Government that have, in some cases, penalised…
My understanding is that the Department for Communities forecasts that it will pay approximately £10·4 billion in welfare benefits in 2025-26. That funding is made available by the Treasury as annually managed expenditure (AME). As part of the 2025-26 Budget, given the Communities Minister's concerns about the…
Dealing with the Treasury is a unique experience in that regard. We have, however, had some recent success, so I intend to build on that and on the working relationship that we have built up with the Treasury on these matters. It is an important area, and, if we can have some of that money coming back into the…
I thank the Minister for his answer. In a recent Committee for Communities briefing, we were informed that the estimated loss due to customer fraud across all benefits in 2023 was £163·2 million, which is a substantial amount. The Minister referred to an opportunity — the Committee was told about this — for us to…
There is a long-standing commitment in the Fresh Start Agreement that the Executive can bid for a share of demonstrable, Office for Budget Responsibility (OBR)-verified fraud and error savings. A business case, along with other information, was previously submitted to the Treasury. Those discussions have stalled,…