Northern Ireland (Ministerial Appointments and Regional Rates) Bill

Explanatory Notes

Financial implications of the Bill

28 No costs are imposed. Clause 1 simply makes provision to extend the period in which an Executive can be formed. Under Clause 2, for the purposes of funding public expenditure by Northern Ireland Departments, the 2017-18 regional domestic and non-domestic regional rates will both be increased by 1.6%. The expected net revenue from the rate would be in excess of £580m.


Prepared 20th April 2017