Overview

The Appropriation Act 2008 authorized government spending for the financial years ending March 31st, 2007, and March 31st, 2008. It detailed the allocation of funds to various government departments and agencies, covering both planned and supplementary spending, as well as addressing spending overruns from the previous year.

Description

The Act authorized the use of resources and the issuance of funds from the Consolidated Fund to cover government expenditure. Specifically, it approved:

• £38,611,000 for the year ending March 31st, 2007 (to cover excess spending).
• £16,257,130,000 for the year ending March 31st, 2008 (new planned spending).
• A total of £22,441,622,000 in resources authorized for use across both years.
• £15,099,258,000 from the Consolidated Fund to cover the spending across both years.

The act also detailed the allocation of these funds to various government departments and agencies, including adjustments to spending limits, and accounting for transfers of funds between departments.

Government Spending

The Act authorized a total of £22,441,622,000 in resources and £15,099,258,000 in grants from the Consolidated Fund for the years ending March 31st, 2007, and March 31st, 2008. This included £38,611,000 to cover overspending in the previous year.

Groups Affected

The Act affected numerous groups, including:

• Government Departments and Agencies: Received funding allocations and had spending limits adjusted.
• Public Sector Workers: Salaries and pensions were covered by the approved spending.
• Beneficiaries of Government Programs: Funding for various social programs, such as welfare benefits, education, and healthcare, was authorized.
• Taxpayers: The Act's overall spending level directly impacted taxation and government borrowing.

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