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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. |
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." |