Parliamentary.ai


by Munro Research

Supply and Appropriation (Anticipation and Adjustments) Act 2022


Official Summary

A Bill To Authorise the use of resources for the years ending with 31 March 2021, 31 March 2022 and 31 March 2023; 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 years ending with 31 March 2021 and 31 March 2022.

Summary powered by AnyModel

Overview

This Supply and Appropriation (Anticipation and Adjustments) Bill authorises government spending for the financial years 2020-21, 2021-22, and 2022-23. It adjusts previously authorised spending to account for overspending in prior years and provides a "vote on account" for the upcoming financial year, allowing the government to continue operating until the main budget is passed.

Description

The bill covers three financial years:

  • 2020-21: Authorises £144,494,000 in additional spending to cover overspending (excesses).
  • 2021-22: Authorises £320,020,642,000 in supplementary funding, covering both current and capital expenditures. It also makes adjustments to the original budget allocations detailed in Schedule 1.
  • 2022-23: Authorises a "vote on account" of £410,557,176,000 for government spending, with £351,632,860,000 allocated for current and £58,924,316,000 for capital purposes. The Treasury can issue up to £361,722,188,000 from the Consolidated Fund to meet these expenses. Schedule 1 and Schedule 2 provide for adjustments to the accounts for 2020-21 and 2021-22.

The bill also includes clauses detailing how the adjustments should be applied, including rules for handling negative and positive adjustments (surpluses and underspends), and the treatment of differing descriptions of expenditure between the original estimates and the adjustments in Schedules 1 and 2.

Government Spending

The bill authorises a significant amount of additional government spending. For 2020-21, £144,494,000 is authorized for excesses. In 2021-22, an additional £320,020,642,000 is authorized. Finally, a vote on account of £410,557,176,000 is authorized for 2022-23. The Treasury can issue up to £361,722,188,000 to meet expenditure authorized in 2022-23. Detailed breakdowns are available in the Schedules to the Bill.

Groups Affected

This bill affects numerous groups:

  • Government departments: All government departments are affected as the bill authorises their spending and makes adjustments to previous budgets. The specific impact varies across departments based on the adjustments outlined in the schedules.
  • Public bodies: Numerous public bodies and arm’s-length bodies who receive funding from the government will be affected by the changes.
  • Taxpayers: The bill impacts taxpayers as it authorises government spending, ultimately impacting taxation levels.
  • Beneficiaries of government programs: Individuals and groups who receive benefits, services or funding through government programs will be affected by the adjustments to those programs.
Full Text

Powered by nyModel

DISCLAIMER: AI technology is not 100% accurate and summaries may contain errors, use at your own risk. Munro Research holds the copyright for all summaries found this website. Reproduction for non-commercial purposes is permitted but must be displayed alongside a link to this website. Contact info@munro-research to license commercially.