Michael Gove
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Contingencies Fund Advance
Michael Gove Excerpts(4 years, 5 months ago)
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The Chancellor of the Duchy of Lancaster and Minister for the Cabinet Office (Michael Gove)
The Cabinet Office has sought a repayable cash advance from the Contingencies Fund of £270,100,000.
The requirement has arisen due to increased costs relating to urgent expenditure, including that relating to the covid-19 response.
Parliamentary approval for additional resources of £107,100,000 and £163,000,000 of capital has been sought in a main estimate for the Cabinet Office. Pending that approval, urgent expenditure estimated at £270,100,000 will be met by repayable cash advances from the Contingencies Fund.
[HCWS298]