The document outlines the financial arrangements proposed for new political institutions in Northern Ireland, emphasizing the importance of maintaining the existing expenditure-based system to ensure comparable public services with Great Britain. The subcommittee highlights the need for the new institutions to preserve the current comparability mechanism, allowing flexibility in resource allocation while benefiting from future savings. The Secretary of State would retain responsibility for securing resources, with local institutions providing detailed financial assessments to inform budget negotiations. The document also discusses the discretion of the local administration in resource allocation, the role of the Northern Ireland Audit Office in ensuring accountability, and the importance of adhering to UK commitments and value-for-money principles.
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