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DHSC Contingencies Fund Advance
17 December 2020
Type
Written Ministerial Statement
Department
Department of Health and Social Care
At a Glance
Issue Summary
The statement addresses the DHSC's request for a significant cash advance to cover the increased costs associated with the Covid-19 pandemic.
Action Requested
DHSC seeks parliamentary approval for additional resources and capital to repay the Contingencies Fund advance after the Supply and Appropriation Act receives Royal Assent in March 2020. Pending approval, urgent expenditure will be met by a £34 billion cash advance from the Contingencies Fund.
Key Facts
- DHSC seeks a £34,000,000,000 repayable cash advance.
- The Net Cash Requirement cash limit was fully used between April 2020 and December 2020.
- Parliamentary approval for additional resources of £33,350,000,000 and capital of £650,000,000 will be sought.
- Urgent expenditure estimated at £34,000,000,000 will be met by the Contingencies Fund.
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