Overview

The Consolidated Fund Bill 2010 authorizes government spending for the financial years ending 31 March 2011 and 31 March 2012. It allows the Treasury to issue funds from the Consolidated Fund to cover approved government expenditure.

Description

This bill addresses government spending for two financial years: 2010-2011 and 2011-2012. Specifically:

• 2010-2011: Authorizes the use of £5,776,805,000 in resources and allows the Treasury to issue £5,707,827,000 from the Consolidated Fund.
• 2011-2012: Authorizes the use of up to £245,218,342,000 in resources. This is broken down into £222,632,387,000 for current spending and £22,585,955,000 for capital spending. The Treasury is permitted to issue up to £203,352,310,000 from the Consolidated Fund to cover this expenditure.

The bill also confirms compatibility with the European Convention on Human Rights.

Government Spending

The bill authorises a total of £251,000,000,000 approximately in government spending across the two financial years. For 2010-2011, the figure is £5,776,805,000, and for 2011-2012, £245,218,342,000. These figures represent the total amount authorised, not necessarily the amount actually spent.

Groups Affected

The bill affects all UK citizens and government departments. Its impact is indirect, affecting everyone through the provision of public services and infrastructure funded by the authorised spending. The actual impact on specific groups depends on how the government allocates the funds.

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