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by Munro Research

Supply and Appropriation (Anticipation and Adjustments) Act 2016


Official Summary

A Bill To authorise the use of resources for the years ending with 31 March 2015, 31 March2016 and 31 March 2017; to authorise the issue of sums out of the Consolidated Fundfor those years; and to appropriate the supply authorised by this Act for the yearsending with 31 March 2015 and 31 March 2016.

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Overview

The Supply and Appropriation (Anticipation and Adjustments) Bill authorizes government spending for the financial years 2015-16 and 2016-17, making adjustments to previously authorized amounts. It also accounts for spending overruns from 2014-15.

Description

This bill addresses three financial years: 2014-15, 2015-16, and 2016-17. For 2016-17, it authorizes a vote on account (preliminary budget) of £258,322,682,000, with £229,024,490,000 for current spending and £29,298,192,000 for capital spending. The Treasury is authorized to issue £222,965,394,000 from the Consolidated Fund to cover this.

For 2015-16, the bill increases the authorized spending by £139,909,506,000, with a corresponding adjustment to the Consolidated Fund authorization. For 2014-15, it authorizes an additional £105,229,000 to cover spending excesses.

The bill includes detailed schedules (Schedule 1 and Schedule 2) outlining the specific adjustments to departmental budgets for 2015-16 and 2014-15, respectively. These schedules show changes to both current and capital spending across numerous government departments.

Government Spending

The bill authorizes significant increases in government spending for 2015-16 and 2016-17. For 2016-17, the vote on account totals £258,322,682,000. For 2015-16, an additional £139,909,506,000 is authorized. Furthermore, £105,229,000 is authorized to cover excesses from 2014-15. The exact impact on net government spending is dependent on offsets from various income streams identified in the schedules.

Groups Affected

The bill affects virtually all UK government departments and agencies. The impact on each department varies depending on the specific adjustments detailed in Schedules 1 and 2. These schedules show the changes made to individual departmental budgets for both years 2014-15 and 2015-16. The public is affected indirectly through the allocation of resources to various government programs and services.

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