Source · Select Committees · Northern Ireland Affairs Committee
Recommendation 8
8
Accepted
Paragraph: 47
Clarify Government's evaluation and monitoring of NI fiscal sustainability plan implementation.
Recommendation
We are pleased to see reference to the publication and implementation of a fiscal sustainability plan as part of the settlement between the Government and Executive, which will include detail on long-term budget planning. It is noted that there is a strong view that the Government’s conditionality for writing-off Executive ‘debt’ is unacceptable and that these debts exist primarily due to the underfunding of public services. The Government should, in response to this report, clarify how it intends to evaluate and monitor the implementation of this plan given their view of the conditionality of the £559 million departmental overspend write-off.
Government response summary AI-generated
The government clarifies that the £559 million debt will be written off if the Executive balances its 2024-25 budget and raises £113m revenue from 2025/26, with the Chief Secretary to the Treasury confirming this if conditions are met, thus outlining the monitoring of the conditionality.
Summary of the government's response below — read the verbatim text to verify.
Paragraph Reference:
47
Government Response
Accepted
HM Government · verbatim extract
Accepted
31. “The Government should, in response to this report, clarify how it intends to evaluate and monitor the implementation of this plan given their view of the conditionality of the £559 million departmental overspend write-off.” UK Government response:
Read the full response on Parliament ↗