Overview

This Consolidated Fund Bill authorizes the government to spend money for the fiscal years ending March 31, 2008, and March 31, 2009. It outlines the specific amounts allocated from the Consolidated Fund to cover government expenditures during these periods.

Description

The bill legally allows the UK government to spend funds for the financial years 2007-2008 and 2008-2009. It specifies the following:

• 2007-2008: Authorizes the use of £6,145,881,000 in resources and allows the Treasury to issue £7,535,362,000 from the Consolidated Fund.
• 2008-2009: Authorizes the use of £194,866,358,000 in resources and allows the Treasury to issue £179,676,962,000 from the Consolidated Fund.

The bill also states that it is compatible with the European Convention on Human Rights.

Government Spending

The bill authorizes a total expenditure of approximately £261 billion across the two financial years. Specifically, £6,145,881,000 for the year ending March 31st, 2008 and £194,866,358,000 for the year ending March 31st, 2009. The Treasury is permitted to release further amounts from the Consolidated Fund to support these expenditures.

Groups Affected

This bill affects all UK citizens as it authorizes the government's spending on public services, including but not limited to: healthcare, education, defense, and social welfare programs. The specific impact on individual groups will depend on how the government allocates these funds.

Powered by nyModel