Contingencies Fund Advance Debate
Full Debate: Read Full DebateDepartment: Department of Health and Social Care
Matt Hancock
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Contingencies Fund Advance
Matt Hancock Excerpts(4 years ago)
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The Secretary of State for Health and Social Care (Matt Hancock)
The Department of Health and Social Care has sought a repayable cash advance from the contingencies fund of £34,000,000,000.
The Department of Health and Social Care’s net cash requirement cash limit has been used in full between April 2020 and December 2020 to support the running costs of the Department, NHS and arm’s length bodies, including expenditure on the covid-19 pandemic.
The Department of Health and Social care will seek a significant increase to its voted funding at supplementary supply estimate to cover the increased costs of the covid-19 pandemic and this will be used to repay the advance after the Supply and Appropriation Act has received Royal Assent in March 2020.
Parliamentary approval for additional resources of £33,350,000,000 and additional capital of £650,000,000 will be sought in a supplementary estimate for the Department of Health and Social Care. Pending that approval, urgent expenditure estimated at £34,000,000,000 will be met by repayable cash advances from the contingencies fund.
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