AQW 13773/17-22

Mr Andrew Muir
Alliance Party
North Down

Tabled Date: 29/01/2021
Answered On Date: 05/02/2021
Priority Written: No

Question:
To ask the Minister of Finance why Northern Ireland will receive Financial Transaction Capital of £73.6 million in 2021/22 compared to £194.6 million in 2020/21.

Answer:

The outcome of the Spending Review announced on 25 November 2020, provided the Executive with £73.6 million Financial Transactions Capital for 2021-22.

This was as a result of the application of the Barnett formula on reduced Financial Transactions Capital expenditure in England in 2021-22 when compared to expenditure in 2020-21.