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Public Expenditure

Treasury written question – answered at on 28 April 2009.

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Photo of Geoffrey Clifton-Brown Geoffrey Clifton-Brown Shadow Secretary of State for International Development

To ask the Chancellor of the exchequer when he expects disbursement of funds from the £3 billion fiscal package for infrastructure to commence; and what types of infrastructure he expects to be supported by such funds.

Photo of Ian Pearson Ian Pearson Parliamentary Under-Secretary (Economic and Business), Department for Business, Enterprise & Regulatory Reform, Economic Secretary (Economic and Business), HM Treasury

I refer the hon. Member to the answer provided to Mr. Davies on 26 March 2009, Hansard, columns 633-34W.

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Chancellor of the Exchequer

The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.

The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.

The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.