Parliamentary.ai

Overview

This Supply and Appropriation (Anticipation and Adjustments) Bill, dating from 2014, authorizes government spending for the financial years 2008-2015. It addresses both planned spending and adjusts for overspending and late reporting of spending in previous years.

Description

The bill covers several key areas:

• Vote on Account for 2014-15: Authorizes £235.56 billion in spending for 2014-15, split between current (£211.67 billion) and capital (£23.88 billion) purposes. It also allows the Treasury to issue up to £209.94 billion from the Consolidated Fund for this expenditure.
• Supplementary Provision for 2013-14: Increases the authorized spending for 2013-14 by £35.19 billion, with adjustments made to current and capital spending limits. A net reduction of £819.39 million is applied to treasury issuance authority for 2013-14.
• Excesses for 2012-13: Authorizes an additional £1.19 million to cover overspending in 2012-13, with adjustments reflected in the Main Estimates Act 2012. An additional £55.46 million is authorized from the Consolidated Fund.
• Late Excesses (2011-12 to 2007-08): Addresses minor overspending (£1000 each year) discovered late, requiring authorization and appropriations for previous financial years.

The bill makes numerous adjustments to previous years' spending authorizations to reflect the above-mentioned changes.

Government Spending

The bill authorizes significant sums: a vote on account of £235.56 billion for 2014-15, supplementary spending of £35.19 billion for 2013-14, and additional funds to cover excesses in several prior years. The net effect is to increase government spending to account for the changes detailed above.

Groups Affected

This bill affects numerous groups:

• Government departments: Their budgets are adjusted to reflect the authorized spending, supplementary provisions, and corrections for excesses.
• Taxpayers: Ultimately, the increased spending will be funded by taxes.
• Parliament: The bill requires parliamentary approval for the authorized spending and adjustments.