Former Minister Simon Hamilton has expressed his support for Sinn Fein’s Caoimhe Archibald as she embarks on the challenging task of overseeing the finance department in Northern Ireland. Drawing from his own experience in similar positions, Hamilton is confident in her ability to navigate the demanding decisions that await her.
Amidst the recent appointments of new ministers, Hamilton underscores the importance of patience. With Sinn Fein now in charge of the finance and economy departments, the unexpected selection of Caoimhe Archibald has raised eyebrows. Nevertheless, Hamilton firmly believes in her capabilities and expects her to swiftly adjust to the demands of her new role.
Although the nomination process in the Assembly initially caused confusion, Caoimhe Archibald ultimately secured her position as Finance Minister. She is now tasked with the significant responsibility of allocating the pledged £3.3bn from the UK Government for the restoration of Stormont. Hamilton stresses the necessity of outlining a multi-year budget to address the financial commitments and obligations of the various departments.
In addition to the financial challenges, the Finance Minister must make difficult decisions regarding potential rate rises and financial allocations, fully aware that not all choices will be universally accepted. Hamilton acknowledges the intricacies and pressures of the role, emphasizing the need for a strategic and forward-thinking approach to budget planning.
As the new Assembly members commence their duties, Hamilton highlights the importance of allowing the ministers time to become accustomed to their responsibilities. Despite the forthcoming challenges, he remains hopeful about the potential for positive change under the leadership of Caoimhe Archibald and her colleagues in the new administration.
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