Michael Gove
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Contingencies Fund Advance
Michael Gove Excerpts
Thursday 28th January 2021
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(3 years, 10 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 £429,000,000.
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 £429,000,000 will be sought in the supplementary estimate for the Cabinet Office. Pending that approval, urgent expenditure estimated at £429,000,000 will be met by repayable cash advances from the Contingencies Fund.
[HCWS744]