Stormont must raise £113m of revenue in its next budget, says Government
A Government offer to write off almost £600 million of Stormont debt is conditional on the powersharing executive raising £113 million of its own revenue.
The stipulation is a key element of a £3.3 billion financial package drawn up by the Treasury to support the return of devolution in Northern Ireland.
Chief Secretary to the Treasury Laura Trott confirmed details of the settlement in a letter to Stormont Finance Minister Caoimhe Archibald on Tuesday.
The Government described it as a “significant, fair and
