Overview

The Supply and Appropriation (Adjustments) Bill authorises an additional £71.351 billion in government spending for the 2022-23 financial year. This supplementary funding covers both current and capital expenditure across various government departments, primarily addressing unforeseen costs and policy initiatives.

Description

This bill amends the Supply and Appropriation (Main Estimates) Act 2022, increasing the authorized spending limit. The increase of £71.351 billion is broken down as follows: £60.176 billion for current expenditure and £11.175 billion for capital expenditure. The bill specifies that these adjustments are to be treated as having effect from 1 April 2022. A schedule details how the additional funding is allocated to different government departments and programs. A significant portion of the additional funds is allocated to the Department for Business, Energy and Industrial Strategy, partly to address the rising costs of energy. New descriptions of expenditure and income are added to the schedule, notably relating to the Energy Security Strategy.

Government Spending

The bill authorises an additional £71,351,000,000 in government spending for the financial year 2022-2023. This comprises £60,176,000,000 for current expenditure and £11,175,000,000 for capital expenditure.

Groups Affected

• Department for Business, Energy and Industrial Strategy (BEIS): Receives a large portion of the additional funding, likely impacting energy policy, support for businesses, and research and development.
• HM Treasury: Receives a substantial amount for capital expenditure, suggesting investment in infrastructure or other capital projects.
• Businesses and Consumers: The bill's focus on energy security may impact energy prices and government support for consumers and businesses.
• Public Sector Workers: Funding changes could affect their employment and services provided.

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