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Any divergence from those forecasts would be managed through future budget allocations, with the Government maintaining a balanced budget and prioritising social security while ensuring fiscal sustainability.
Committee reports
Date published:
13 November 2020
That implies that, in past years, when projects were approved, funds were not hypothecated or set aside against a particular project, and that future drawdowns were simply budgeted forward, thereby automatically reducing SE’s ability to do future projects.
Among those new powers, the Parliament will be able to create new benefits in devolved areas and top up UK-wide benefits, including universal credit, tax credits and child benefit.