Northern Ireland schools budget for 2016/17 hit by £10m cuts
School budgets have been cut by 0.8% for the coming financial year.
The decrease amounts to around £10m.
The aggregated schools budget is one of the largest funding pots in the Department of Education and this year stands at £1,167.5m.
The department faces a cut of £72m in its resource budget in 2016/17.
Education Minister John O'Dowd said he had done everything possible to protect the aggregated schools budget.
"In order to mitigate against reductions in school budgets, my department has funded the 2015-16 strategic cost reduction programme in schools," he said.
"This will result in up to £12.5m of full year salary savings in 2016-17 for schools. I have also allocated three-quarters of the additional £20m, announced by the Finance Minister on February 10, 2016 and which will be made available to my department as part of the June 2016-17 monitoring round, to the aggregated schools budget which is being announced today.
"The remaining £5m will be directed towards the Education Authority for special educational needs services."