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Any returns by the Northern Ireland Executive to the Treasury are undertaken at Block Grant level not by individual departments. Since 2016, the Executive\u2019s underspends have been largely in two areas: ring-fenced Resource DEL and Financial Transactions Capital.<\/p>

<\/p>

Budget exchange is a mechanism that allows the Executive to carry forward a forecast DEL underspend from one year to the next, within previously agreed limits and with the consent of Treasury Ministers. Since 2016, the total amount of underspend for each year which cannot be accessed via Budget Exchange for the following year is:<\/p>

<\/p>

2016/17: <\/strong>£130.9m <\/strong><\/p>

2017/18: <\/strong>£210.1m <\/strong><\/p>

2018/19: <\/strong>£254.9m <\/strong><\/p>

2019/20: <\/strong>£207m <\/strong><\/p>

2020/21: <\/strong>£426.7m<\/p>

<\/p>

The amount unused in 2020/21 includes £373.3m that had been earmarked for student loan impairments, which did not materialise.<\/p>

<\/p>

The Secretary of State for Northern Ireland engages with the Chancellor and Treasury Ministers on a regular basis in relation to Northern Ireland\u2019s public finances and wider economy, as well as with the First Minister and deputy First Minister. The Executive\u2019s finances are also reported on by the independent Fiscal Council.<\/p>

<\/p>

<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/3922", "label" : {"_value" : "Biography information for Sir Conor Burns"} } , "answeringMemberConstituency" : {"_value" : "Bournemouth West"} , "answeringMemberPrinted" : {"_value" : "Conor Burns"} , "dateOfAnswer" : {"_value" : "2022-02-21", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2022-02-21T10:37:33.88Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "21"} , "answeringDeptShortName" : {"_value" : "Northern Ireland"} , "answeringDeptSortName" : {"_value" : "Northern Ireland"} , "date" : {"_value" : "2022-02-10", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Public Expenditure: Northern Ireland"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for Northern Ireland, how much each department in the Northern Ireland Executive has returned to the Treasury since 2016; and what discussions he has had with (a) the Chancellor of the Exchequer and (b) ministers in the Northern Ireland Executive on that matter.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4623", "label" : {"_value" : "Biography information for Tonia Antoniazzi"} } , "tablingMemberConstituency" : {"_value" : "Gower"} , "tablingMemberPrinted" : [{"_value" : "Tonia Antoniazzi"} ], "uin" : "122784"} ], "itemsPerPage" : 10, "page" : 0, "startIndex" : 1, "totalResults" : 1, "type" : ["http://purl.org/linked-data/api/vocab#ListEndpoint", "http://purl.org/linked-data/api/vocab#Page"]} }