Parliamentary.ai


by Munro Research

Parliamentary.ai uses AI technology to produce easily understandable summaries of the bills under consideration in the British Parliament.

Random Bill

Summary of a randomly selected bill, powered by AnyModel.

Supply and Appropriation (Anticipation and Adjustments) Act 2022

Current Stage: Royal Assent

Last updated: 21/03/2022

View full entry


Overview

This Supply and Appropriation (Anticipation and Adjustments) Bill authorizes government spending for the financial years 2020-21, 2021-22, and 2022-23. It accounts for previous overspending, allocates additional funds for 2021-22, and provides a "vote on account" for 2022-23, essentially a provisional budget until the full budget is passed.

Description

The bill addresses three financial years:

  • 2020-21: Authorizes £144,494,000 to cover overspending (excesses).
  • 2021-22: Authorizes an additional £320,020,642,000 in supplementary provision, breaking down into £314,066,101,000 for current spending and £5,954,541,000 for capital spending. It also authorizes an additional £21,456,287,000 for the Treasury to issue money from the Consolidated Fund.
  • 2022-23: Authorizes a "vote on account" of £410,557,176,000, with £351,632,860,000 for current purposes and £58,924,316,000 for capital purposes. The Treasury may issue and apply up to £361,722,188,000.

The bill makes adjustments to the Main Estimates Acts of 2020 and 2021 to reflect these changes, detailing specific adjustments for numerous government departments. These adjustments include alterations to the descriptions of expenditure and income categories for various government departments.

Government Spending

The bill authorizes a total of £410,557,176,000 for the year ending 31 March 2023 (vote on account), £320,020,642,000 in supplementary funding for the year ending 31 March 2022, and £144,494,000 for the year ending 31 March 2021 to cover excesses. The precise breakdown of spending across departments is detailed in the Schedules.

Groups Affected

The bill affects numerous groups, including:

  • Government Departments: All government departments are affected by the authorized spending and adjustments to their budgets.
  • Public Sector Workers: Pension schemes and salary payments are affected by the budget allocations.
  • Beneficiaries of Government Programs: Funding levels for various social programs and benefits are impacted by the budget.
  • Taxpayers: The bill's implications affect the overall tax burden and government's financial position.
More details

Powered by nyModel

DISCLAIMER: AI technology is not 100% accurate and summaries may contain errors, use at your own risk. Munro Research holds the copyright for all summaries found this website. Reproduction for non-commercial purposes is permitted but must be displayed alongside a link to this website. Contact info@munro-research to license commercially.