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by Munro Research

Consolidated Fund Act 2008


Official Summary

To authorise the use of resources for the service of the years ending with 31 March 2009 and 31 March 2010 and to apply certain sums out of the Consolidated Fund to the service of the years ending with 31 March 2009 and 31 March 2010.

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Overview

The Consolidated Fund Bill 2008 authorizes the government to spend money from the Consolidated Fund for the fiscal years ending March 31, 2009, and March 31, 2010. It outlines the specific amounts allocated for each year.

Description

This bill is a routine piece of legislation that allows the UK government to access funds already approved by Parliament for spending. It doesn't introduce new spending programs but rather formally authorises the release of previously approved funds.

  • Year Ending March 31, 2009: Authorizes the use of £7,425,726,000 in resources and the release of £32,112,484,000 from the Consolidated Fund.
  • Year Ending March 31, 2010: Authorizes the use of £202,426,196,000 in resources and the release of £194,439,006,000 from the Consolidated Fund.

Government Spending

The bill authorises a total of £209,851,922,000 in spending for the fiscal years 2008-2009 and 2009-2010. This represents the release of funds previously allocated by Parliament. The specific breakdown of this spending across government departments would need to be determined from the budget documents that informed this bill.

Groups Affected

All citizens of the UK are indirectly affected as the authorized spending covers various government services such as healthcare, education, defence, social security etc. The impact on specific groups will depend on how the funds are distributed across these government programmes.

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