Overview

The Supply and Appropriation (Anticipation and Adjustments) Bill 2018 is designed to authorize government spending and make adjustments to previous years' budgets. It covers spending for the financial years ending 31 March 2017, 2018, and 2019, addressing both anticipated needs and correcting overspending in prior years.

Description

This bill addresses several key areas:

• Vote on Account for 2018-19: Authorizes up to £273,163,799,000 in spending for the 2018-19 financial year (£235,886,869,000 for current purposes and £37,276,930,000 for capital purposes). The Treasury can issue up to £227,251,036,000 from the Consolidated Fund.
• Supplementary provision for 2017-18: Increases the authorized spending for 2017-18 by £170,637,705,000 (£155,604,322,000 for current and £15,033,383,000 for capital) while reducing the Treasury's authorized issuance from the Consolidated Fund by £4,615,471,000. These adjustments are retroactive to 1 April 2017.
• Excesses for 2016-17: Authorizes an additional £65,561,000 to cover overspending in 2016-17 (£65,506,000 for current and £55,000 for capital), retroactive to 1 April 2016.
• Appropriation: The bill appropriates funds by amending the Main Estimates Acts of 2016 and 2017 with Schedules 1 and 2 detailing the specific adjustments to departmental budgets. These schedules include adjustments for departmental name changes.

Government Spending

The bill authorizes significant additional spending for 2017-18 (£170,637,705,000) and allocates a substantial amount for 2018-19 (£273,163,799,000). It also addresses overspending from 2016-17 (£65,561,000). The overall impact on government spending is an increase, though the precise net increase is not explicitly stated in the provided text due to both increases and reductions to prior years' allowances.

Groups Affected

The bill affects numerous groups:

• Government Departments: All government departments will experience adjustments to their budgets, as detailed in Schedules 1 and 2. These adjustments could involve increases or decreases in funding for various programs and activities.
• Public Sector Employees: Changes in departmental budgets could impact employment levels, salary payments, and pension schemes.
• Beneficiaries of Government Programs: Depending on the adjustments made to specific programs (e.g., social security, healthcare), beneficiaries might see changes in the level of services or benefits received.
• Taxpayers: The bill's impact on government spending ultimately affects taxpayers, either through increased or decreased tax burdens depending on future policy decisions.

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