Supply and Appropriation (Anticipation and Adjustments) Act 2013

Official Summary

To authorise the use of resources for the years ending with 31 March 2010, 31 March 2011, 31 March 2012, 31 March 2013 and 31 March 2014; to authorise the issue of sums out of the Consolidated Fund for the years ending with 31 March 2013 and 31 March 2014; and to appropriate the supply authorised by this Act for the years ending with 31 March 2010, 31 March 2011, 31 March 2012 and 31 March 2013.

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Overview

The Supply and Appropriation (Anticipation and Adjustments) Bill is designed to authorize government spending and adjust previously authorized amounts for the financial years 2010-11, 2011-12, 2012-13, and 2013-14. This includes authorizing a "vote on account" for the upcoming fiscal year, making adjustments to account for overspending or underspending in previous years, and covering any late spending reports.

Description

The bill addresses several key areas:

Vote on Account for 2013-14: Authorizes up to £237,559,140,000 in spending for the year ending March 31, 2014, broken down into current (£216,006,686,000) and capital (£21,552,454,000) purposes. The Treasury can issue up to £209,612,302,000 from the Consolidated Fund for this spending.
Supplementary Provision for 2012-13: Makes adjustments to the original budget for the year ending March 31, 2013, reflecting overspending and underspending in various government departments. These adjustments are detailed in Schedule 1.
Excesses for 2011-12: Authorizes an additional £70,465,000 to cover overspending in 2011-12, with details in Schedule 2.
Late Excesses for 2010-11 and 2009-10: Authorizes small sums (£1,000 each) to account for late reporting of overspending in these years, further detailed in Schedules 3 and 4.

Government Spending

The bill authorizes a significant amount of government spending, totaling £237,559,140,000 for 2013-14, in addition to covering overspending from previous years amounting to £70,465,000 (2011-12) plus small amounts for late reported excesses (£2000 total).

Groups Affected

The bill will affect a wide range of groups, including:

Government Departments: Spending will be adjusted for all major UK government departments based on their financial performance.
Taxpayers: The bill will impact tax revenue as a result of government's spending plans and adjustments to previous years' budgets.
Public Service Recipients: Changes to departmental budgets may affect the funding for various public services.

Full Text

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