Executive parties have been in negotiations with the government in a bid to get increased funding.
Finance Minister John O’Dowd previously said the current published financial pressures facing Stormont departments were around £1.6bn, adding: “So we have a bit to go.”
A Sinn Féin spokesperson said the “current offer from the British government falls well short of what is required to fund, transform and improve our public services”.
“The north receives less in funding than Wales and Scotland which if addressed would give us a transformative increase of between £1 billion and £3 billion.
“People here pay their taxes and have the right to properly funded public services and our public service workers deserve proper pay settlements.”
The Ulster Unionist Party (UUP)’s Steve Aiken said that “calling this the final offer does not make it a fair or sufficient offer”.
“The UK government has moved significantly from its opening position, and that should be acknowledged. However, even with extensive savings, the annual funding on offer would barely meet the pressures in health alone. That puts the scale of the Executive’s wider problem into stark perspective.”
He said it had been made to clear during meetings that our public services need to “deliver to our citizens the same standard of health, education, policing and other services as is available in any other postcode in our nation”.
The offer on the table from the government includes £450m extra for day-to-day pressures this year, as well as an additional £400m in 2027/28 and 2028/29.
