Investigation Launched into NI Water Overspend by Forensic Accountants

Forensic Accountants to Investigate NI Water Overspend

A team of forensic accountants is set to probe a projected budget overspend at Northern Ireland Water, following an announcement by Stormont Infrastructure Minister Liz Kimmins. The decision was made after Minister Kimmins was informed that NI Water's board was planning to exceed its budget for the year unless additional funding is provided. Liz Kimmins stated that she needs to 'investigate the reasons why NI Water has been unable to live within its resource budget allocation'...

Concerns Raised over Funding Model

Alliance Party MLA Andrew McMurray expressed concern over the situation, emphasizing the need for due process and calling attention to the unsustainable financial position of NI Water. He criticized the funding model and highlighted the issues faced by the water infrastructure system, urging for a more substantial investment to address the shortfall...

For all the latest news, visit the Belfast Live homepage and sign up to our daily newsletter.