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by Munro Research

Supply and Appropriation (Anticipation and Adjustments) Act 2020


Official Summary

A Bill to authorise the use of resources for the years ending with 31 March 2020 and 31 March 2021; to authorise the issue of sums out of the Consolidated Fund for those years; and to appropriate the supply authorised by this Act for the year ending with 31 March 2020.

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Overview

The Supply and Appropriation (Anticipation and Adjustments) Bill authorizes government spending for the financial years ending 31 March 2020 and 31 March 2021. It adjusts previously authorized spending for 2019-20 and provides a "vote on account" for 2020-21, essentially a preliminary budget allocation until the full budget is approved.

Description

This bill has two main parts:

Supplementary Provision for 2019-20:

This section retroactively increases the authorized spending limit for the financial year 2019-20 by £116,948,867,000. This increase is broken down into current (£113,468,618,000) and capital (£3,480,249,000) spending. The Treasury’s authority to issue funds from the Consolidated Fund is also increased by £13,648,628,000. The bill also amends the Main Estimates Act 2019 to reflect these changes, detailing specific adjustments for various government departments.

Vote on Account for 2020-21:

This section authorizes a "vote on account" of £298,028,070,000 for the financial year 2020-21, divided between current (£255,878,997,000) and capital (£42,149,073,000) purposes. The Treasury is authorized to issue up to £249,103,066,000 from the Consolidated Fund for expenditure authorized by Parliament.

Government Spending

The bill authorizes a total of £298,028,070,000 in spending for 2020-21. It also retroactively increases spending for 2019-20 by £116,948,867,000.

Groups Affected

  • UK Government Departments: The bill directly impacts all UK government departments, adjusting their spending limits and allocations for 2019-20 and 2020-21. The detailed schedule specifies the adjustments for each department.
  • Taxpayers: The bill’s impact on government spending will affect taxpayers through taxation and potential changes in public services.
  • Recipients of Government Services: Changes in government spending could affect the level and type of public services received, depending on the departmental allocations.
  • Parliament: Parliament approves the bill, thus directly impacting its budgetary powers and oversight of government spending.
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