AQW 1324/17-22

Ms Paula Bradshaw
Alliance Party
South Belfast

Tabled Date: 31/01/2020
Answered On Date: 06/02/2020
Priority Written: No

Question:
To ask the Minister of Finance what discussions he has had with HM Treasury to enable departmental underspends to be reallocated at the end of each financial year to the Northern Ireland Consolidated Fund for the following financial year.

Answer:

There is already a mechanism in place that allows the Devolved Administrations to carry forward unspent funding. The Budget Exchange Scheme allows the Executive to carry forward 0.6% of its Resource DEL, 1.5% of its Capital DEL and 15% of its Financial Transactions Capital DEL from one year to the next.