Departmental Expenditure Limits (National Savings & Investments) Debate
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Mark Hoban
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Departmental Expenditure Limits (National Savings & Investments)
Mark Hoban Excerpts(13 years, 5 months ago)
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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).