Treasury and Economic Development budgets slashed

Wed, 17 Feb 2016

Finances in the departments of Economic Development and Treasury are being slashed in net expenditure within the new Budget.

The DED is taking a 20 per cent cut to £4m, as Infrastructure is hiked by 13.4 per cent to £52.2m and Education and Children sees a 5.5 per cent boost to £95.5m.

Environment, Food and Agriculture will go up 8.8 per cent to £14.8m and Home Affairs receives £31.5m - up by 13.7 per cent.

We'll see an additional £17.4m added to the Health and Social Care pot - making its annual spend £198.4m.

The Cabinet Office has a 20 per cent increase to £30.5m.

Finally, Treasury's budget has been cut by £8.3m per cent to -£445.9m.