Appropriation (No. 3) Act 2008
Official Summary
A Bill to authorise the use of resources for the service of the year ending with 31st March 2009 and to apply a sum out of the Consolidated Fund to the service of that year; and to appropriate the supply authorised by this Act for the service of that year.
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Overview
The Consolidated Fund (Appropriation) (No. 3) Bill is a UK parliamentary bill authorizing government spending for the financial year ending 31st March 2009. It approves the allocation of funds from the Consolidated Fund to various government departments and programs.
Description
This bill authorizes the use of resources and the issue of funds from the Consolidated Fund for the financial year ending 31 March 2009. Specifically:
- Resource Authorization: £1,000 in resources is authorized for use.
- Fund Issue: £42,200,000,000 is authorized to be issued from the Consolidated Fund.
- Appropriation: The funds are appropriated, retrospectively from 1st April 2008, for the services and purposes detailed in the Schedule, primarily allocated to HM Treasury for various economic and financial administration activities.
Government Spending
The bill authorizes a total expenditure of £42,200,000,000 for the financial year ending 31st March 2009. The majority of this (£42,200,000,000) is allocated to HM Treasury for various functions, including economic administration, debt management, and support for financial institutions.
Groups Affected
This bill affects numerous groups indirectly, as the funds are appropriated to various government departments that support various initiatives and services. Therefore, the impact will vary greatly depending on the department and specific program funded. The general public will feel the effects through the delivery of public services funded by the bill.
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