Northern Ireland's Finance Minister reveals £767M budget overspend, requests urgent action and anticipates £500M UK aid, but still faces £267M deficit.

Northern Ireland's Finance Minister Caoimhe Archibald has highlighted a £767 million overspend in Stormont's budget, urging immediate action. While an additional £500 million from the UK government is anticipated, this will still leave a £267 million gap. Archibald warned that failing to balance the budget could trigger repayment of a previous £559 million overspend, further straining public services. She also plans to propose higher rates for certain households and businesses.

September 10, 2024
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