House of Lords written statement – made at on 21 November 2006.
Lord McKenzie of Luton
Government Whip, Government Whip
My Honourable Friend the Economic Secretary to the Treasury (Ed Balls) has made the following Written Statement.
Subject to parliamentary approval of any necessary supplementary estimate, National Savings and Investments DEL will be increased by £9,000,000 from £170,294,000 to £179,294,000 and the administration costs limits will be increased by £9,000,000 from £170,294,000 to £179,294,000. Within DEL change, the impact on resources and capital are set out in the following table.
| Change | New DEL | Total | |||
| Voted | Non-voted | Voted | Non-Voted | ||
| Resource DEL: | 14,000 | -5,000 | 179,294 | - | 179,294 |
| Of which: | - | ||||
| Administration budget: | 14,000 | -5,000 | 179,294 | - | 179,294 |
| Near cash in RDEL: | 9,000 | -5,000 | 173,747 | 900 | 174,647 |
| Capital | - | - | 500 | - | 500 |
| Depreciation* | - | - | -3,030 | - | -3,030 |
| Total | 14,000 | -5,000 | 176,764 | - | 176,764 |
| * Depreciation which forms part of resource DEL, is excluded from the total DEL since capital DEL includes capital spending and to include depreciation of those assets would lead to double counting. | |||||
The change in the resource element of the DEL arises from end year flexibility being drawn down to support expenditure on major project commitments. There is no change in the capital element of DEL.
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