Overview

This Consolidated Fund Bill (Bill 14, 54/3) authorizes the UK government to spend a total of £274,543,320,000 for the financial years ending March 31st, 2008 and March 31st, 2009. The bill allows the Treasury to draw funds from the Consolidated Fund to cover this spending.

Description

This bill is a standard annual financial bill that enables the government to spend money approved by Parliament. It does this in two parts, one for the financial year ending March 31, 2008, and another for the financial year ending March 31, 2009.

2008 Spending

The bill authorizes the use of resources totaling £6,145,881,000 and allows the Treasury to issue £7,535,362,000 from the Consolidated Fund for government spending during the financial year ending March 31, 2008.

2009 Spending

For the year ending March 31, 2009, the bill authorizes the use of resources amounting to £194,866,358,000. The Treasury can issue £179,676,962,000 from the Consolidated Fund to meet these spending requirements.

Government Spending

The bill authorizes a total government expenditure of £274,543,320,000 across the two financial years. This comprises £6,145,881,000 (authorized resource use) and £7,535,362,000 (Consolidated Fund issue) for 2007-2008 and £194,866,358,000 (authorized resource use) and £179,676,962,000 (Consolidated Fund issue) for 2008-2009.

Groups Affected

The bill affects all UK citizens and organisations as it authorizes government spending on various public services and programs. The impact varies depending on which government services individuals and groups rely on. The specific details of the expenditure are not described in this legislation; they are determined by separate budget appropriation bills.

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