Savings of almost £200 million must be made in the next financial year. The Department of Education warns “there will be implications for jobs”.
The single biggest chunk is being taken away from schools. It is proposed that the aggregated schools budget be reduced in 2015/16 by £78.7 million – a seven per cent cut.
On average, every secondary school stands to lose an average of about £66,000, the equivalent of three teachers’ annual salaries. Schools are yet to learn their budget allocation for 2015/16.
Extra cash for education, believed to be in the region of £50 million, was found following a recent meeting of Executive ministers.
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