Overview

This Supply and Appropriation (Anticipation and Adjustments) Bill authorizes government spending for the financial years 2016-17, 2017-18, and 2018-19. It adjusts previously authorized spending, accounting for both overspending and underspending, and provides a "vote on account" for the upcoming financial year.

Description

The bill covers three financial years:

• 2016-17: Authorizes £65,561,000 in additional spending to cover overspending in the previous year. These excesses are allocated to various government departments and appropriated via Schedule 2.
• 2017-18: Authorizes an additional £170,637,705,000 in spending. Schedule 1 details the adjustments to the Main Estimates Act 2017 to reflect this change. The bill also shows a £4,615,471,000 reduction in Treasury authorization for issuing money from the Consolidated Fund for this year.
• 2018-19: Authorizes a "vote on account" of £273,163,799,000 for the upcoming financial year (£235,886,869,000 for current purposes and £37,276,930,000 for capital purposes), with up to £227,251,036,000 allowed to be issued from the Consolidated Fund.

The bill includes detailed schedules (Schedules 1 and 2) outlining specific adjustments to spending across numerous government departments, showing increases and decreases to various budget lines. These schedules are extensive and contain highly specific budgetary information.

Government Spending

The bill authorizes significant additional spending across several financial years. For 2016-17, an additional £65,561,000 is authorized to cover overspending. For 2017-18, a further £170,637,705,000 is authorized, offset by a £4,615,471,000 reduction in the Treasury’s ability to issue funds from the Consolidated Fund. Finally, for 2018-19, the bill sets a provisional spending limit (vote on account) of £273,163,799,000.

Groups Affected

The bill affects numerous groups:

• Government Departments: All government departments will be affected by the adjustments to their budgets detailed in Schedules 1 and 2.
• Taxpayers: Taxpayers will ultimately fund the authorized spending.
• Public Service Recipients: Individuals and organizations receiving government funding will experience changes based on the budget adjustments.

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