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Contingency Fund Advance: MOD 2023-24 funding

29 February 2024

Proposing MP
Grant Shapps Con
Welwyn Hatfield
Type
Written Ministerial Statement
Department
Ministry of Defence
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At a Glance

Issue Summary

The statement addresses the need for additional funding from the Contingencies Fund to cover the Ministry of Defence's (MOD) cash requirements before a Supplementary Estimate receives Royal Assent.

Action Requested

Parliamentary approval is sought for an additional £2,450,000,000 and £750,000,000 in capital to be provided through a Supplementary Estimate. Pending this approval, urgent expenditure of £3,200,000,000 will be met by repayable cash advances from the Contingencies Fund.

Key Facts

  • The Ministry of Defence requires additional funding exceeding that provided by the Main Estimate 2023-2024.
  • An urgent expenditure of £3,200,000,000 will be met with repayable cash advances from the Contingencies Fund pending parliamentary approval.
  • Parliamentary approval for an additional £2,450,000,000 and £750,000,000 in capital is sought through a Supplementary Estimate.
  • The request has been agreed with HM Treasury and does not affect the MOD’s Departmental Expenditure Limit position.
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