Economic Advice Unit
Why was the Economic Advice Unit established?
The Economic Advice Unit was established to ensure a co-ordinated approach across the NI administration to the range of economic policies aimed at addressing key challenges facing the NI economy.
Role of the Economic Advice Unit
This unit is responsible for:
- co-ordinating the administration’s economic policies and monitoring and evaluating the effectiveness of public spending in achieving the administration’s economic goals: this remit also covers EU expenditure;
- enhancing the local evidence base for economic policy making by commissioning and undertaking economic research, in conjunction with DFP;
- liaising with providers of external independent economic advice, including monitoring the research programme of the Economic Research Institute of Northern Ireland;
- providing economic briefing and advice, including advice on economic appraisals; and
- providing advice and co-ordinating negotiations with HM Treasury on issues of public expenditure and taxation.
