Bradley questions OFMdFM on how it will pay for shared future proposals

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Monday, May 13th, 2013
Politics
SDLP Finance Spokesperson Dominic Bradley said the lack of any details about the cost and financing of the shared future proposals announced by the First and Deputy First Minister is doing little to instil confidence in the public. Northern Ireland Executive Junior Minister Jonathan Bell has said the proposals will cost around £500m. The Newry and Armagh Assembly Member said, “There has been no mention of how much these proposals will cost except for a vague response by the junior minister, only after he was put under pressure, that it could cost around half a billion pounds. “Proposals need financial backing to make them happen. The silence around the finances behind these proposals is doing little to instil confidence in the public. People need to know how much they will cost. “Will this be new money or a reallocation of existing budgets? Will there be an impact on other government departments? Is this part of the economic package the Secretary of State has been talking about? “These are the bread and butter issues behind the headlines that the First and Deputy First Minister should have been in a position to answer when they made their announcement. Bradley added, “If the Finance Minister can’t commit £2 million for the iconic Narrow Water Bridge with all the economic benefits that project will deliver, how much confidence can we have that the money for these projects will be found?”

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