Northern Ireland Executive Begins Budget Consultation

The Northern Ireland Executive has initiated a 12-week consultation on its draft Budget for the 2025/26 financial year, which allocates approximately £16bn for day-to-day spending and £2bn for capital projects, prioritizing health and education with £8.4bn and £3.2bn respectively. Finance Minister Dr. Caoimhe Archibald emphasized the budget's commitment to improving public services and economic investment, particularly in skills and wastewater infrastructure, while also proposing a 5% increase in the regional rate for households. However, concerns were raised by Ulster Unionist Health Minister Mike Nesbitt regarding the lack of funding to address spiraling waiting lists, which he highlighted as a priority in the Programme for Government. The draft budget reflects an increase in overall spending compared to the previous year but comes amidst potential overspending challenges and a conditional offer from the UK Treasury to write off debt. First Minister Michelle O'Neill reaffirmed the government's commitment to tackling critical issues facing communities, including violence against women and girls. The public consultation is open until 13 March 2025, allowing for feedback on the proposed allocations.