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Although the absolute size of Northern Ireland's deficit has fallen slightly from £9.7 billion in 2016–17 to £9.4 billion in 2018–19, proportional to the size of the economy, the deficit was higher during the 2018–19 fiscal year than any year from 1970 to 2000.
[2] The UK government has spent more than it has raised in taxation since financial year 2001-02, [3] creating a budget deficit and leading to growing debt interest payments. Average government spending per person is higher in Scotland, Wales and Northern Ireland than it is in England.
A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.
Wales' net fiscal deficit increased from £14.4 billion in 2020 to £25.9 billion in 2021. All countries and regions in the UK had a fiscal deficit in 2021, which included the North West of England at £49.9 billion; Scotland at £36 billion; Northern Ireland at £18 billion; London at £7.2 billion. [4] Net fiscal balance by UK nation and ...
The Northern Ireland budget is an annual act of the Northern Ireland Assembly, giving statutory authority to the Northern Ireland Executive for its revenue and expenditure plans. For the financial year 2024/25 the budget was approximately £ 15.2 billion. [ 1 ]
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Benji Wilson of The Daily Telegraph gave Say Nothing a grade of five stars out of five, describing it as a powerful blend of history, tragedy, and thriller, effectively weaving together multiple narratives that span four decades of the Troubles in Northern Ireland. He praised the series for its compelling portrayal of key figures like Gerry ...
The Congressional Budget Office estimated on Tuesday a U.S. federal deficit of $1.834 trillion for fiscal 2024, the highest in the post-COVID era, as debt interest costs jumped sharply and outlays ...