About Public Finance
Public finance is the study of the role of the government in the economy. It is the branch of economics that assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones.
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Stormont, an extra £1 billion of Westminster
... The SDLP leader, Colum Eastwood, was equally unimpressed: The gap between the business and the money on the table for a substantive and serious Public Finance difficulties for the Executive...
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Stormont, an extra £1 billion of Westminster
to give
The Westminster government and the Stormont, the NI Executive Will support an additional £1 billion to,.
A Further £1 billion Stormont budget Will be added as an automatic result of the plans for the expenditure of the whole of the UK.
"that a quick injection of £550 to the Executive's finances on a sustainable path".
to fix the the £200m, the wages of nurses and armed.
the government said The financial package "Will be accompanied by strict conditions," in the Stormont-offer to "accountability in public expenditure" and the development of "sustainable public services".
He added that the offer includes strict financial conditions, such as the creation of an independent fiscal Council.
the government But added, there are no requirements for additional increase of the revenue by the Executive.
'act of Bad Faith 'and it was, as announced.
On Wednesday evening, Finance Minister Conor Murphy of the offer described as "an act of Bad Faith ", saying it "makes our work much more difficult".
"The bottom line is with this proposed package, our public services face a shortfall of at least £1 billion in the next year alone," he said.
Mr Murphy said, departmental officials check would said the numbersHe committed to the proposed package adds £100m to £150m before, for the old institutions.
"it is at least £50m behind the estimated cost of £300-£400 million," he said.
The Sinn Féin MLA suggested that The Announcement from Westminster was made, "against the wishes" of The First and Deputy first Minister. He hopes to meet with the Chancellor next week for Further talks.
The SDLP leader, Colum Eastwood , was equally unimpressed: "The gap between the business and The Money on the table for a substantive and serious Public Finance difficulties for the Executive.
"This is not and cannot be, the end of The Matter ," he said.
"I Am , however, pleased to see, for the intended purpose and specific purpose grants for the expansion of Magee, and a new addiction-the centre for the North-West . "
'Get on with it'However, in a tweet on Wednesday evening, Secretary of state Julian Smith defended the funding, and called on politicians to, "get on with it".
He wrote: "Let us remember members remember were from the work of three years at a price of [More Than ] £15m salaries.
"It's a New Deal for NI, as it is the EU. There is also a UK-budget in the Spring . £2bn is the largest ever NI talks settlement, and it fixes A Number of important issues. "
Previously, he had said, The Money was "for the improvement of public services in Northern Ireland , including the ending of wages of nurses and armed".
A new joint Board Will be formed is between the government and the Executive to monitor how The Money spent.
The financial package includes:
It is not yet clear what the expenditure commitments relate to the supply and increases the result of The Automatic .
stormont deal
Source of news: bbc.com
