Treasury Minister Eddie Teare MHK announced that next year's Government net spending, which is the amount which is funded by direct and indirect taxation, is to reduce by £4.3m, or 0.8%, to £543.6m.
Government's gross spending, that is spending before taking into account income collected by Government Departments themselves, is estimated at £920.3m, which averages around £2.52m a day.
The operating balance, which Government needs to keep available for contingencies, is £32m or 5.8% of net spending. In addition, the balance of the Reserve Fundis £357m.
Capital projects with an estimated cost of £71.6m are included for the year, which will be funded without recourse to external borrowing.
Staffing numbers will be reduced by 153 posts in 2014-15. The total personnel employed by Government Departments, including seasonal staff and Statutory Boards, is the equivalent of 7,958 full-time posts including contract posts.
The Department of Health and Social Care will employ 2,761.76 or 34.7% of the total, with 1,453.44 or 18.3% being employed by the Department of Education and 1,096.44 or 13.8% being employed by the Department of Infrastucture.