Stormont budget 'to fall by £2.3bn in real terms' due to inflation

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Stormont budget 'to fall by £2.3bn in real terms' due to inflation
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The Department of Finance calculates what funding would be needed to keep up with the impact of inflation.

Stormont's budget between 2021 and 2024 will have fallen by over £2bn in real terms due to the impact of inflation, the Department of Finance has said.

The Department of Finance has calculated what funding would have been required for day-to-day spending to keep up with the impact of inflation since 2021. Earlier this month, the Welsh government said that, compared to what it expected two years ago, its funding this year is worth £900m less in real terms.

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