Negotiations regarding the Northern Ireland budget are ongoing after the Northern Ireland Executive rejected an initial financial proposal from the UK government. The original offer, presented on Monday, totaled £1.1bn over a three-year period. Following this rejection, the government has increased the proposed package to £1.5bn.

The Executive parties have been engaged in discussions to determine if this revised funding is sufficient to address the region's public service requirements. While the increase represents a significant shift from the initial proposal, the parties have not yet signaled whether the new amount will be accepted. The core of the disagreement centers on the adequacy of the funding to stabilize public finances and support essential services in Northern Ireland. As of now, the parties remain in talks to evaluate the terms of the £1.5bn offer.