AQW 13773/17-22 Written question to the Minister of Finance
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.
Asked by Andrew Muir MLA on 29 January 2021
- Answered
- Written
- Tabled
- 29 January 2021
- Answer due by
- 15 February 2021
- Answered
- 5 February 20217 days after tabling
- Department
- Department of Finance
- Priority question
- No
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.