Supply and Appropriation (Anticipation and Adjustments) Act
Official Summary
To authorise the use of resources for the years ending with 31 March 2008, 31March 2009, 31 March 2010, 31 March 2011, 31 March 2012, 31 March 2013, 31 March 2014 and 31 March 2015; to authorise the issue of sums out of the Consolidated Fund for the years ending with 31 March 2013, 31 March 2014 and 31 March 2015; and to appropriate the supply authorised by this Act forthe years ending with 31 March 2008, 31 March 2009, 31 March 2010, 31 March 2011, 31 March 2012, 31 March 2013 and 31 March 2014.
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Overview
The Supply and Appropriation (Anticipation and Adjustments) Bill is a UK government bill that authorizes government spending and addresses discrepancies in previous years' budgets. It covers spending for the financial years 2008-2015, authorizing new spending, supplementary spending, and addressing overspending and late reporting of spending in previous years. The bill also makes adjustments to previous years' budgets to account for these discrepancies.
Description
This bill addresses several key areas of government finance:
Vote on Account for 2014-15
Authorizes a total of £235,557,718,000 in spending for the 2014-15 financial year, with £211,673,099,000 allocated for current spending and £23,884,619,000 for capital spending. It also authorizes the Treasury to issue money from the Consolidated Fund to cover this expenditure.
Supplementary Provision for 2013-14
Increases the authorized spending for 2013-14 by £35,186,124,000, with adjustments to current and capital spending amounts. These adjustments are detailed in Schedule 1.
Excesses for 2012-13
Addresses overspending in 2012-13, authorizing an additional £1,190,000 in spending and £55,456,000 to be issued from the Consolidated Fund. Details of the adjustments are in Schedule 2.
Late Excesses for 2011-12, 2010-11, 2009-10, 2008-09 and 2007-08
Authorizes small additional amounts (£1000 per year) to cover late-reported overspending in these years. The specifics are detailed in Schedules 3-7.
Government Spending
The bill authorizes significant government spending across multiple financial years. Key figures include: £235.56 billion for 2014-15; £35.19 billion in supplementary provision for 2013-14; and additional amounts for previous years to cover overspending, totaling approximately £56.65 million including the late reported spending from prior years.
Groups Affected
The bill affects numerous groups:
- Government Departments: Will receive funding as outlined in the bill and schedules, potentially impacting their operations and programs.
- Taxpayers: Will ultimately fund the spending outlined through taxation.
- Public Sector Workers: Employment levels and related services will be affected by the funding allocated to the relevant departments.
- Beneficiaries of Government Programs: Access to and level of public services and benefits will depend on the budgets set by the bill.
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