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 specific amounts from the Consolidated Fund for the financial years ending 31 March 2009 and 31 March 2010. This bill is a routine process to ensure the government has the legal authority to fund its operations.
Description
This bill details the allocation of funds from the UK's Consolidated Fund for the financial years 2008-2009 and 2009-2010. It specifies:
- Authorised Spending 2008-2009: £7,425,726,000 in resources and £32,112,484,000 from the Consolidated Fund.
- Authorised Spending 2009-2010: £202,426,196,000 in resources and £194,439,006,000 from the Consolidated Fund.
The bill ensures the government has the legal authority to access and utilize these funds for its various operations and programs.
Government Spending
The bill authorises a total of £210,000,000,000+ in spending for the financial years 2008-2009 and 2009-2010. The exact breakdown across departments is not specified in this bill itself.
Groups Affected
The bill affects all UK citizens and residents as it governs the funding of government services. Specific impacts vary based on the allocation of the funds, which would be detailed in separate budget documents. All government departments and agencies are affected as they receive funding from the Consolidated Fund.
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