Public Expenditure

Treasury written question – answered on 17th November 2020.

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Photo of Liam Byrne Liam Byrne Labour, Birmingham, Hodge Hill

To ask the Chancellor of the Exchequer, with reference to the Office for Budget Responsibility's Public finances databank, 27 May 2020, what proportion of the five capital budget of £358 billion included in Treasury statements in May 2020 remains unallocated to programmes and projects.

Photo of Steve Barclay Steve Barclay The Chief Secretary to the Treasury

Departmental capital budgets have been fully allocated for financial year 2020-21 and were confirmed at Main Estimates. Any revisions to these budgets will be set out at the Supplementary Estimates. Departmental budgets for the next financial year (2021-22) will be set in the upcoming Spending Review. Alongside these one-year settlements, the SR will set some longer-term settlements for certain capital budgets to provide certainty and deliver on the government’s ambitious plans to unite and level up the country and drive our economic recovery. With the exception of these multi-year capital settlements, spending for future years beyond 2021-22 will be determined at the next Spending Review.

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