22/01
27 February 2001
VOTE ON ACCOUNT 2001-02
A Vote on Account for £120,807 million resources and £120,770 million cash for Central Government was presented to the House of Commons today.
The purpose of the Vote on Account is to provide funds for existing services to continue during the period from the start of the new financial year on 1 April until Parliament has approved the 2001-02 Main Estimates, which will be given legislative force in the Appropriation Act (usually passed in late July).
In addition, there are separate Votes on Account for the House of Commons (for £96 million resources and £64 million cash) presented by The Speaker on behalf of the House of Commons Commission, for the National Audit Office (£21 million resources and £20 million cash) presented by the Chairman of the Public Accounts Commission and the Electoral Commission (for £3 million resources and £4 million cash) presented by The Speaker.
The amount sought in a Vote on Account is generally based on a standard proportion (45 per cent) of the amount voted so far for the corresponding services in the current financial year. While on this occasion the Vote on Account is based upon an early assessment of Main Estimate provision in order to produce a more accurate reflection of departments’ needs for the early months of 2001-02 it should not be taken as a firm indication of the expected level of provision in that year which will be contained in the Main Estimates for 2001-02, due to be published in March 2001.
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HM Treasury
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