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NI 'not exempt from spending cut' NI 'not exempt from spending cut'
(10 minutes later)
The first minister has said the Northern Ireland block grant will not be exempt from the cuts which will have to be made by any future government.The first minister has said the Northern Ireland block grant will not be exempt from the cuts which will have to be made by any future government.
Labour and the Conservatives have both said the next government will have to make cuts in public spending.Labour and the Conservatives have both said the next government will have to make cuts in public spending.
Speaking at a conference in Belfast on Thursday Peter Robinson challenged other parties to view cuts as a chance to reduce layers of bureaucracy.Speaking at a conference in Belfast on Thursday Peter Robinson challenged other parties to view cuts as a chance to reduce layers of bureaucracy.
He said he will announce a series of proposals later in the autumn.He said he will announce a series of proposals later in the autumn.
He also said Finance Minister Sammy Wilson will publish a budget report "in the near future" which aims to set out the Executive's present financial situation and outline steps towards recovery. Most public spending in Northern Ireland is funded from the block grant. It is allocated by the UK Treasury and the divided up between the Stormont departments.
Mr Robinson also said Finance Minister Sammy Wilson will publish a budget report "in the near future" which aims to set out the Executive's present financial situation and outline steps towards recovery.
Earlier this week the SDLP and Ulster Unionists published reports which pointed to a large hole in the public finances.Earlier this week the SDLP and Ulster Unionists published reports which pointed to a large hole in the public finances.
Mr Robinson accused the parties of "economic illiteracy."Mr Robinson accused the parties of "economic illiteracy."
He said: "There has been much ill-informed commentary on the issue of the Northern Ireland budget."He said: "There has been much ill-informed commentary on the issue of the Northern Ireland budget."