Source · Select Committees · Public Accounts Committee
Recommendation 20
20
Accepted
Department's total annually managed expenditure showed a net excess of £208 million
Conclusion
The Department’s Statement of Outturn against Parliamentary Supply highlights a total excess of £208,487,000 for its annually managed expenditure. This is because it is made up of two components, Voted and Non–Voted. The Voted limit was £950,594,000 with an outturn of £1,169,995,000, leading to an excess of £219,401,000. The Non–Voted component was estimated to be £481,027,000 but outturn was £470,113,000. Taking both components together, there was a net excess of £208,487,000.
Government Response Summary
HM Treasury has laid the Statement of Excesses 2023-24 and these excesses are included in the Supply and Appropriation (Anticipation and Adjustments) Act 2025 providing the additional resources by means of an Excess Vote which received Royal Assent on 11 March 2025.
Government Response
Accepted
HM Government
Accepted
3. PAC conclusion: The Department for Business and Trade was authorized a Voted Resource Annually Managed Expenditure limit of £950,594,000. Against this limit, it incurred an outturn of £1,169,995,000 exceeding the authorized limit by £219,401,000. 3a. PAC recommendation: Under the terms of the Standing Order of the House of Commons number 55(2)(d), we recommend that Parliament provides the additional resources by means of an Excess Vote, as set out in Figure 1. 3.1 The government agrees with the Committee’s recommendation. Recommendation implemented: March 2025 3.2 Following the publication of the 2023-24 excesses by the Committee, HM Treasury has laid the Statement of Excesses 2023-24. These excesses are included in the Supply and Appropriation (Anticipation and Adjustments) Act 2025 providing the additional resources by means of an Excess Vote which received Royal Assent on 11 March 2025.