UK 바카라 사이트 commits 拢2bn to support new Northern Ireland Executive
UK 바카라 사이트 commits 拢2bn to support new Northern Ireland Executive
The UK 바카라 사이트 will provide a 拢2bn injection of financial support to the new Northern Ireland Executive which will end the nurses바카라 사이트� pay dispute, transform public services, turbocharge infrastructure investment and address Northern Ireland바카라 사이트檚 unique circumstances.
The financial package will be accompanied by stringent conditions contained within the New Decade, New Approach deal to deliver a greater level of accountability for public spending and ensure the new Executive is building sustainable public services.
A new UK 바카라 사이트 - Northern Ireland Executive joint board will be established, convened by the Secretary of State for Northern Ireland, to oversee implementation.
Julian Smith, Secretary of State for Northern Ireland, said:
This 拢2bn injection will help transform public services in Northern Ireland, including ending the nurses바카라 사이트� pay dispute. New Decade, New Approach is about putting Northern Ireland바카라 사이트檚 Assembly on a sustainable footing.
This funding provides certainty to the Executive and ensures much-needed reforms across health, education and justice can be delivered.
NOTES TO EDITOR:
The 바카라 사이트바카라 사이트檚 financial package includes:
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A 拢1bn Barnett-based investment guarantee from the UK 바카라 사이트, which will include significant new funding to turbocharge infrastructure investment. This guarantee will apply in all circumstances, and allow the Executive to plan new investment over a five year period.
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A rapid injection of 拢550m to put the Executive바카라 사이트檚 finances on a sustainable footing, including 拢200 million to resolve the nurses바카라 사이트� pay dispute immediately and deliver pay parity over the next two years.
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Alongside this, the UK 바카라 사이트 will ringfence 拢60m of capital and resource funding to deliver a Northern Ireland Graduate Entry Medical School in Derry/Londonderry, subject to Executive approval, with 拢45m provided by the Inclusive Future Fund announced in May 2019.
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We will provide 拢50m over two years to support the rollout of ultra-low emission public transport.
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Around 拢245m will support the transformation of public services, including transformation across health, education and justice. Funding release will be tied to the delivery of reform.
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拢140m to address Northern Ireland바카라 사이트檚 unique circumstances.
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The deal includes strict financial conditions such as the establishment of a new independent Fiscal Council. But it does not include any conditions about the raising of revenue by the Executive - that will be a matter for the Executive to decide on if it wants to release extra funds.