This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/northern_ireland/8268910.stm
The article has changed 7 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| £370m cash cuts 'by Christmas' | £370m cash cuts 'by Christmas' |
| (29 minutes later) | |
| Executive spending cuts of £370m are needed by Christmas, the NI finance minister has said. | |
| In a confidential memo to Executive colleagues, seen by the BBC, Sammy Wilson highlighted a funding gap in the budget. | In a confidential memo to Executive colleagues, seen by the BBC, Sammy Wilson highlighted a funding gap in the budget. |
| The finance paper describes significant money pressures. | The finance paper describes significant money pressures. |
| It calls for "early action" and "difficult decisions". Deferring water charges in 2011 could cost up to £420m, the minister warned. | It calls for "early action" and "difficult decisions". Deferring water charges in 2011 could cost up to £420m, the minister warned. |
| However, even if the regional development minister recommended water charges, Mr Wilson doubted there would be time to pass legislation to introduce household water bills next year. | However, even if the regional development minister recommended water charges, Mr Wilson doubted there would be time to pass legislation to introduce household water bills next year. |
| The finance minister pointed to other pressures such as swine flu and the civil service equal pay claim. | The finance minister pointed to other pressures such as swine flu and the civil service equal pay claim. |
| He said cuts of £200m were required from current expenditure, as well as £172m from capital spending. | He said cuts of £200m were required from current expenditure, as well as £172m from capital spending. |
| He set out a range of options to achieve this and asked Executive ministers for their views. | He set out a range of options to achieve this and asked Executive ministers for their views. |
| The recession means the Executive has not received the income from land sales that it expected. | The recession means the Executive has not received the income from land sales that it expected. |
| The paper also reveals a delay in two major investments - the Department of Environment's water management scheme and the Royal Exchange, a £360m retail and residential project in Belfast. | The paper also reveals a delay in two major investments - the Department of Environment's water management scheme and the Royal Exchange, a £360m retail and residential project in Belfast. |