Alister Jack
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Contingencies Fund Advance
Alister Jack Excerpts(2 years, 6 months ago)
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The Secretary of State for Scotland (Mr Alister Jack)
I hereby give notice of the Scotland Office’s intention to seek a repayable cash advance from the Contingencies Fund of £12,000,000,000. The Department requires an advance to meet the Scottish Government’s cash requirements pending parliamentary approval of the 2021-22 supplementary estimate.
The Scottish Government is operating within its budgets so this does not represent additional spending. However, an increase in net cash requirement will be sought in the supplementary estimate so accessing the Contingencies Fund will allow the Scottish Government to fund this existing spending in the meantime.
The advance will be repaid immediately following approval of the supplementary estimate.
Parliamentary approval for additional non-budget expenditure of £12,000,000,000 will be sought in a supplementary estimate for the Scotland Office. Pending that approval, urgent expenditure estimated at £12,000,000,000 will be met by repayable cash advances from the Contingencies Fund.
[HCWS359]