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Contingencies Fund Advance

29 June 2020

Proposing MP
Simon Hart Con
Carmarthen West and South Pembrokeshire
Type
Written Ministerial Statement
Department
Wales Office
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At a Glance

Issue Summary

Simon Hart is requesting an advance from the Contingencies Fund to meet urgent financial needs for the Welsh Government.

Action Requested

Pending parliamentary approval of the Main Estimates for 2020-21, Simon Hart seeks a £856,557,000 repayable cash advance from the Contingencies Fund, which will be repaid after Royal Assent in July.

Key Facts

  • Over £1.8bn of additional funding is included in the Main Estimate for the Welsh Government due to coronavirus consequences.
  • The Vote on Account cash limit for 2020-21 is insufficient to cover urgent spending needs prior to approval of the Main Estimates.
  • A repayable cash advance of £856,557,000 is sought from the Contingencies Fund pending Royal Assent in July.
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