Contingencies Fund (Advance) Debate
Full Debate: Read Full DebateDepartment: Department for Work and Pensions
Iain Duncan Smith
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Contingencies Fund (Advance)
Iain Duncan Smith Excerpts(11 years, 2 months ago)
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The Secretary of State for Work and Pensions (Mr Iain Duncan Smith)
I hereby give notice of the Department for Work and Pensions’ intention to seek an advance from the Contingencies Fund. The Department for Work and Pensions requires an advance in the amount of £506 million to meet an urgent cash requirement pending parliamentary approval of the supplementary estimate 2012-13.
Parliamentary approval for additional resources of £506 million will be sought in a supplementary estimate for the Department of Work and Pensions. Pending that approval, urgent expenditure estimated at £506 million will be met by repayable cash advances from the Contingencies Fund.