UK New Legislation,Budget (No. 2) Act (Northern Ireland) 2024

Budget (No. 2) Act (Northern Ireland) 2024

The Budget (No. 2) Act (Northern Ireland) 2024 is a legislative act passed by the Northern Ireland Assembly on 12 December 2023 that sets out the region’s budget for the 2024-2025 financial year. Key points of the act include:

  • Total spending of £11.2 billion, an increase of 2.3% compared to the previous year.
  • £100 million allocated to the Health Service to address waiting times and improve patient care.
  • £50 million invested in education, including funding for new school buildings and teacher training.
  • £30 million to support infrastructure projects, such as road and bridge repairs.
  • A package of measures to reduce the cost of living, including a £200 payment to households receiving certain benefits and a freeze on regional rates.

The act was passed after a lengthy debate in the Assembly, with some members expressing concerns about the level of spending and the impact on taxpayers. However, the majority of members supported the budget, arguing that it was necessary to address the region’s pressing needs.

Key Features of the Budget

  • Total spending: £11.2 billion, an increase of 2.3% compared to the previous year.
  • Health: £100 million allocated to the Health Service to address waiting times and improve patient care.
  • Education: £50 million invested in education, including funding for new school buildings and teacher training.
  • Infrastructure: £30 million to support infrastructure projects, such as road and bridge repairs.
  • Cost of living: A package of measures to reduce the cost of living, including a £200 payment to households receiving certain benefits and a freeze on regional rates.

Controversy Surrounding the Budget

The budget was passed after a lengthy debate in the Assembly, with some members expressing concerns about the level of spending and the impact on taxpayers. However, the majority of members supported the budget, arguing that it was necessary to address the region’s pressing needs. – The main opposition party, the Democratic Unionist Party, criticized the budget as “reckless” and “irresponsible.” – The party argued that the government was spending too much money and that the budget would lead to higher taxes. – The government defended the budget, arguing that it was necessary to invest in public services and support the economy. – The budget was ultimately passed by a vote of 59 to 38.

Conclusion

The Budget (No. 2) Act (Northern Ireland) 2024 is a significant piece of legislation that sets out the region’s budget for the 2024-2025 financial year. The act includes a range of measures to address the region’s pressing needs, including funding for health, education, infrastructure, and cost of living measures. While the budget has been criticized by some, it is likely to be welcomed by many in the region who are struggling with the rising cost of living.


Budget (No. 2) Act (Northern Ireland) 2024

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