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Displaying 3675 contributions
Finance and Public Administration Committee
Meeting date: 22 November 2022
John Mason
I am happy to ask a simple question and get a simple answer. That is commendable.
Paragraph 45 of the guide talks about the emergency budget review:
“While the amounts outlined in the letter are savings based on the in-year budget monitoring position, these do not necessarily correspond to a budget being formally surrendered as part of a gross funding movement.”
I am struggling with the phrase “budget being formally surrendered” and what that would mean. It goes on:
“This is because these savings may be against forecast pressures”
that
“are being transferred internally”.
Again, I am not sure that I understand what “forecast pressures” that are “being transferred internally” means.
Finance and Public Administration Committee
Meeting date: 22 November 2022
John Mason
Right. Some of them are savings that would have been made anyway, so the EBR, effectively, does not impact on that area.
Finance and Public Administration Committee
Meeting date: 22 November 2022
John Mason
Okay. That is the difference: the total is part of the emergency budget review, but some of it—£223.9 million—is in this autumn budget review. Is that right?
Finance and Public Administration Committee
Meeting date: 22 November 2022
John Mason
Okay. Other colleagues may want to come in.
Finance and Public Administration Committee
Meeting date: 22 November 2022
John Mason
Right, okay.
Finance and Public Administration Committee
Meeting date: 22 November 2022
John Mason
Right. I remember that you made an estimate of different things, including this, and, actually, it is turning out better. So, this year, we do not need to worry too much about when the fiscal framework review concludes because we are basically okay for this year. Is that a fair summary?
Finance and Public Administration Committee
Meeting date: 22 November 2022
John Mason
Okay, that is a good, clear answer.
Finance and Public Administration Committee
Meeting date: 22 November 2022
John Mason
I will stop there.
Finance and Public Administration Committee
Meeting date: 22 November 2022
John Mason
And we are so unsure about the £191.5 million that we cannot put it in at the moment.
Finance and Public Administration Committee
Meeting date: 22 November 2022
John Mason
I know that we have problems this year, but we are not depending on the fiscal review to fix this year’s budget.