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<p>The UK Government remains determined to support the Executive to maximise the opportunities
presented by the financial package.</p><p> </p><p>To help stabilise the Executive’s
financial position, the UK Government has agreed to pause its debt repayments from
2022-23 and 2023-24 of up to £559 million and will no longer require these funds to
be repaid, subject to the Executive publishing a plan, which outlines how it will
deliver sustainable public finances and services, and demonstrating implementation
of that plan by May 2025.</p><p> </p><p>This sustainability plan must include the
delivery of a balanced budget for 2024-25 by raising a minimum of £113 million through
locally generated income. It will be for the Executive to determine if it will consider
a different course of action to deliver the public services that Northern Ireland
needs as part of its plan for financial sustainability.</p>
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