Public Expenditure

Treasury written question – answered on 3rd July 2012.

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Photo of Jim Murphy Jim Murphy Shadow Secretary of State for Defence

To ask the Chancellor of the Exchequer

(1) whether savings made in his Department's Reserve are included in the HM Treasury departmental underspend;

(2) whether his Department's Reserve is accounted for as part of its Departmental Expenditure limits.

Photo of Chloe Smith Chloe Smith The Economic Secretary to the Treasury

As part of the spending plans announced in spending reviews, the Government allocates a reserve for genuinely unforeseen contingencies that Departments cannot absorb within their departmental expenditure limits.

The reserve is not included in the Treasury departmental budget and does not contribute to Treasury departmental underspends.

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