Overview

The Supply and Appropriation (Anticipation and Adjustments) (No. 2) Bill is a UK parliamentary bill that authorizes government spending for the fiscal years ending March 31st, 2018, 2019, and 2020. It makes adjustments to previously approved spending, accounting for overspending in 2017-18 and supplementary needs in 2018-19, and provides a "vote on account" for 2019-20, allowing for the initial allocation of funds for the next fiscal year.

Description

This bill addresses several key aspects of UK government finances:

Vote on Account for 2019-20

Authorizes up to £281,337,274,000 in spending for 2019-20, with £242,111,176,000 for current purposes and £39,226,098,000 for capital purposes. The Treasury is authorized to issue and apply up to £234,874,322,000 from the Consolidated Fund.

Supplementary Provision for 2018-19

Adjusts the authorized spending for 2018-19, reducing it by £21,338,888,000 overall, with specific adjustments detailed in Schedule 1. The Treasury's authorization to issue money is increased by £9,404,988,000.

Excesses for 2017-18

Authorizes an additional £665,000 to cover overspending in 2017-18. Schedule 2 details the appropriations for these excesses. The bill treats these adjustments as having effect from the beginning of the relevant financial year.

Schedules 1 & 2

Schedules 1 and 2 provide detailed breakdowns of the supplementary appropriations for 2018-19 and the appropriation of excesses for 2017-18 respectively, showing adjustments for various government departments and their sub-functions.

Government Spending

The bill authorizes significant government spending: £281,337,274,000 for 2019-20 (vote on account), with adjustments to previous years' budgets. Specific figures for adjustments are detailed within the bill's schedules, reflecting increases and decreases across various government departments. The bill aims to account for unforeseen expenditure and reconcile discrepancies in previous fiscal years.

Groups Affected

The bill impacts numerous groups:

• Government Departments: All government departments experience changes to their budgets, either increases or decreases, based on the detailed adjustments in Schedules 1 and 2.
• Taxpayers: The bill’s impact on taxpayers is indirect, through its effect on the government's overall fiscal position and the provision of public services.
• Recipients of Government Funding: Organizations and individuals receiving government funding may see changes in the amount or type of funding they receive.
• Public Sector Workers: Public sector workers may be indirectly impacted, in terms of employment or services they provide.

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