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by Munro Research

Supply and Appropriation (Anticipation and Adjustments) Act 2012


Official Summary

To authorise the use of resources for the years ending with 31 March 2012 and31 March 2013; to authorise the issue of sums out of the Consolidated Fund forthose years and for the year ending with 31 March 2011; and to appropriatethe supply authorised by this Act for the years ending with 31 March 2011 and31 March 2012.

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Overview

The Supply and Appropriation (Anticipation and Adjustments) Bill is a UK government bill that authorizes government spending for the financial years 2011-12 and 2012-13. It adjusts previously authorized spending, accounts for overspending in 2010-11, and provides a "vote on account" for 2012-13, essentially setting a provisional budget for the coming year.

Description

This bill covers several key areas:

Vote on Account for 2012-13

Authorizes up to £233,147,903,000 in spending for the year ending 31 March 2013, broken down into £212,774,765,000 for current expenses and £20,373,138,000 for capital projects. It allows the Treasury to issue up to £205,247,220,000 from the Consolidated Fund to cover this expenditure.

Supplementary Provision for 2011-12

Increases the authorized spending for the year ending 31 March 2012 by £12,103,394,000. This adjustment includes an increase in current spending by £16,496,789,000 and a reduction in capital spending by £4,393,395,000. The changes are backdated to 1 April 2011.

Appropriation of Supplementary Provision for 2011-12

Details adjustments to the Main Estimates Act 2011 to reflect the supplementary provisions detailed in Schedule 1. Schedule 1 lists specific adjustments for various government departments, detailing increases and decreases in spending for both current and capital purposes.

Excesses for 2010-11

Authorizes the Treasury to issue £347,072,000 from the Consolidated Fund to cover overspending during the financial year 2010-11, as detailed in Schedule 2.

Government Spending

The bill authorizes a significant amount of government spending. For 2012-13, a vote on account of up to £233,147,903,000 is authorized. Additionally, it provides for an increase of £12,103,394,000 in spending for 2011-12 and covers £347,072,000 in overspending from 2010-11.

Groups Affected

The bill affects numerous groups:

  • Government Departments: All government departments are affected, with specific spending adjustments outlined in Schedule 1. These adjustments can impact their ability to fund programs and projects.
  • Public Sector Workers: Changes to departmental budgets may affect employment levels and pay within government departments.
  • Recipients of Government Services: Funding changes could impact the provision and quality of public services, such as education, healthcare, and social welfare.
  • Taxpayers: The bill directly impacts the allocation of tax revenue, as well as potentially affecting tax policies in the future.
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