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by Munro Research

Consolidated Fund Act 2010


Official Summary

Authorise the use of resources for the service of the years ending with 31 March 2010 and 31 March 2011 and to apply certain sums out of the Consolidated Fund to the service of the years ending with 31 March 2010 and 31 March 2011.

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Overview

The Consolidated Fund Act 2009 authorized the government to spend a total of £467,797,354,000 for the financial years ending 31 March 2010 and 31 March 2011. This act ensures that the government has the legal authority to access the necessary funds to meet its budgetary commitments.

Description

This Act allows the UK government to spend money allocated by Parliament. Specifically:

  • Financial Year 2009-2010: The Act authorised the use of resources up to £6,617,232,000 and allowed the Treasury to issue £23,998,577,000 from the Consolidated Fund.
  • Financial Year 2010-2011: The Act authorised the use of resources up to £218,175,405,000 and allowed the Treasury to issue £219,011,739,000 from the Consolidated Fund.

Government Spending

The Act authorized a total government expenditure of £467,797,354,000 across two financial years (£23,998,577,000 + £219,011,739,000 +£6,617,232,000 = £467,797,354,000 ). This covers all government departments and programs.

Groups Affected

This Act affects virtually all citizens and groups in the UK, as the funds authorized are used to finance a wide range of public services including:

  • Healthcare (NHS)
  • Education
  • Social welfare programs
  • Defense
  • Infrastructure projects
  • Public administration
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