Advance from the Contingencies Fund
(5 years, 4 months ago)
Written StatementsRead Hansard Text Read Debate Ministerial Extracts
The Chancellor of the Duchy of Lancaster and Minister for the Cabinet Office (Mr David Lidington)
The Cabinet Office has sought a repayable cash advance from the contingencies fund of £137,110,000.
The requirement has arisen because the Cabinet Office receives a relatively high proportion of its voted funding at supplementary estimate, and as a consequence may only draw the related cash from the consolidated fund after the Supply and Appropriation Act has received Royal Assent in March 2019.
The cash advance will pay for programmes which will generate Government-wide benefits or savings and are urgent in the public interest, including advancing EU exit objectives, public inquiries, security, efficient management of Government property and development of IT systems that will benefit the public.
Parliamentary approval for additional resources of £116,507,000 and capital of £20,603,000 will be sought in a supplementary estimate for the Cabinet Office. Pending that approval, urgent expenditure estimated at £137,110,000 will be met by repayable cash advances from the contingencies fund.
[HCWS1191]