Departmental Expenditure Limits (National Savings & Investments)
(14 years ago)
Written StatementsRead Hansard Text Read Debate Ministerial Extracts
The Financial Secretary to the Treasury (Mr Mark Hoban)
Subject to parliamentary approval of any necessary supplementary estimate, National Savings and Investments (NS&I) departmental expenditure limit (DEL) will be increased by £15,994,000 to £168,402,000. Within the DEL change, the impact on resources and capital are set out in the following table:
£’000 | Voted | Non-voted | Voted | Non-voted | Total |
|---|---|---|---|---|---|
Resource DEL | 15,994 | -4,994 | 168,402 | - | 168,402 |
Of which: | - | ||||
Administration Budget | 15,994 | -4,994 | 168,402 | - | 168,402 |
Near cash in RDEL | 15,994 | -4,994 | 164,769 | - | 164,769 |
Capital | - | - | 464 | - | 464 |
Less Depreciation1 | - | - | -2,983 | - | -2,983 |
Total DEL | 15,994 | -4,994 | 165,883 | - | 165,883 |
1Depreciation, which forms part of resource DEL, is excluded from total DEL since capital DEL includes capital spending and to include depreciation of those assets would lead to double counting. |
The change in the resource element of DEL (£15,994,000) is required to continue the delivery of NS&I’s adding value strategy for both the modernisation and simplification of infrastructure and products. To facilitate this, NS&I has included the following items in its winter supplementary estimate:
Resource DEL end year flexibility (£6.0 million),
DEL Reserve claim (£5.0 million),
Departmental Unallocated Provision (£4.994 million).