Contingencies Fund Advance Debate

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Department: HM Treasury

Contingencies Fund Advance

Jesse Norman Excerpts
Monday 19th April 2021

(3 years ago)

Written Statements
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Jesse Norman Portrait The Financial Secretary to the Treasury (Jesse Norman)
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Her Majesty’s Revenue and Customs will incur new expenditure in connection with the Government’s response to the covid-19 pandemic in 2021-22.

Parliamentary approval for additional resources of £6,065,000,000 for this new expenditure will be sought in a main estimate for Her Majesty’s Revenue and Customs. Pending that approval, urgent expenditure estimated at £6,065,000,000 will be met by repayable cash advances from the Contingencies Fund.

Further requests to the Contingencies Fund may be made as necessary to fund covid-19 activity delivered by Her Majesty’s Revenue and Customs.

[HCWS921]