Overview

This Supply and Appropriation (Anticipation and Adjustments) Bill authorizes government spending for the financial years ending 31 March 2023, 2024, and 2025. It adjusts previously approved spending and accounts for overspending in previous years. The bill also provides a Vote on Account for 2024-25, setting an initial spending limit for the upcoming financial year.

Description

The bill covers three key areas:

Vote on Account for 2024-25

Authorizes up to £472,512,874,000 in spending for 2024-25, with £373,672,234,000 allocated to current purposes and £98,840,640,000 for capital purposes. The Treasury is authorized to issue up to £386,454,679,000 from the Consolidated Fund to cover this expenditure.

Supplementary Provision for 2023-24

Increases the authorized spending limit for 2023-24 by £18,577,452,000. This includes a £29,619,818,000 increase for current purposes and a £11,042,366,000 reduction for capital purposes, reflecting reallocation of funds. The Treasury's borrowing power is increased by £10,943,718,000. These adjustments are backdated to 1 April 2023.

Excesses for 2022-23

Authorizes an additional £946,445,000 to cover overspending in 2022-23, all allocated to current purposes. These adjustments are backdated to 1 April 2022. The bill contains detailed schedules (Schedule 1 and Schedule 2) that specify how these adjustments affect individual government departments and programs.

Government Spending

The bill authorizes significant increases to government spending across multiple financial years. For 2024-25, a Vote on Account of up to £386,454,679,000 is authorized. Spending for 2023-24 is increased by £18,577,452,000, and an additional £946,445,000 is authorized for 2022-23 to cover overspending. The exact breakdown of this spending is detailed in Schedules 1 and 2 within the bill itself, which are highly detailed and allocate funds to various government departments.

Groups Affected

The bill affects numerous groups:

• Government Departments: All government departments will be impacted by the adjustments to their spending limits, detailed in Schedules 1 and 2.
• Public Sector Bodies: Various public sector bodies receiving funding from the government will experience changes in their budgets.
• Taxpayers: Taxpayers are impacted indirectly through adjustments to government spending and potential changes in government services.
• Beneficiaries of Government Programmes: Those who rely on government programs and services may experience changes in the level or type of support they receive.

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