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Budget (No. 2) Act (Northern Ireland) 2025

Purpose

6.The Act will give effect to the 2025-26 Main Estimates and authorises the use of resources for 2025-26.

7.For 2025-26 a total amount of £30,772,659,000 is authorised.

8.The resources (current and capital) authorised for use for the year ending 31 March 2026 are to be used for the purposes specified in Part 2 of the estimates set out in Schedule 1 to the Act.

9.The Act will also authorise the issue of cash from the Consolidated Fund of Northern Ireland in support of services for 2025-26. For 2025-26 the Act will authorise a total amount of £27,431,599,000.

10.The sums to be issued from the Consolidated Fund of Northern Ireland for the year ending 31 March 2026 are to be used for the purposes set out in Part 2 of the estimates contained in Schedule 1 to the Act.

11.In addition, the Act will authorise temporary borrowing by the Department of Finance. For 2025-26 up to £13,715,800,000 may be borrowed to be repaid no later than 31 March 2026. This is a normal safeguard to allow the efficient management of the Consolidated Fund of Northern Ireland and does not authorise any additional expenditure.

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Explanatory Notes

Text created by the Northern Ireland Assembly department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes accompany all Acts of the Northern Ireland Assembly.

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