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| Stormont budget: Cuts set out in finance minister's paper | |
| (about 1 hour later) | |
| The finance minister has circulated a paper which will result in millions of pounds in cuts across departments. | The finance minister has circulated a paper which will result in millions of pounds in cuts across departments. |
| Health and education will be excluded, according to Stormont sources. | Health and education will be excluded, according to Stormont sources. |
| The paper follows intense discussions between the first and deputy first minister on how to deal with tens of millions of pounds of outstanding budget pressures. | |
| The DUP and Sinn Féin were putting the finishing touches on the proposals on Wednesday. | The DUP and Sinn Féin were putting the finishing touches on the proposals on Wednesday. |
| Ministers are being asked to comment on the paper, which deals with the June monitoring round. | Ministers are being asked to comment on the paper, which deals with the June monitoring round. |
| This is when unspent funds are redirected to areas which are in need. It should have been agreed around three weeks ago. | This is when unspent funds are redirected to areas which are in need. It should have been agreed around three weeks ago. |
| But, it was delayed by arguments about how to deal with forthcoming welfare penalties. | |
| The financial pressures in the June monitoring round are also due in part to over-spending. | The financial pressures in the June monitoring round are also due in part to over-spending. |
| Sinn Féin's position is that it has not agreed to impose any cuts due to welfare penalties. | Sinn Féin's position is that it has not agreed to impose any cuts due to welfare penalties. |
| Other sources say the paper makes clear that the issue will have to be addressed in future monitoring rounds and the latest budget plans are predicated on this. | Other sources say the paper makes clear that the issue will have to be addressed in future monitoring rounds and the latest budget plans are predicated on this. |
| It is hoped an executive meeting will be held next week to discuss the paper. | |
| If agreed, the Finance Minister Simon Hamilton will make a statement to the assembly, possibly in written form as it is in recess. | If agreed, the Finance Minister Simon Hamilton will make a statement to the assembly, possibly in written form as it is in recess. |
| If health and education are to be ring-fenced against the cuts that means the burden of the financial pressures will fall to the other ten departments. | If health and education are to be ring-fenced against the cuts that means the burden of the financial pressures will fall to the other ten departments. |
| One source suggested the paper recommends funding for the Historical Institutional Abuse Inquiry (HIA), and possibly an extra £40m in funding for health. | |