Contingencies Fund Advance:Written statement - HCWS265

WS
Treasury
Made on: 03 June 2020
Made by: Jesse Norman (The Financial Secretary to theTreasury)
Commons

Contingencies Fund Advance

HM Revenue and Customs will incur new expenditure in connection with the government’s response to the coronavirus Covid-19 pandemic in 2020-21.

Parliamentary approval for additional resources of £10,000,000,000 for this new expenditure will be sought in the Main Estimate 2020-21 for HM Revenue and Customs. Pending that approval, urgent expenditure estimated at £10,000,000,000 will be met by repayable cash advances from the Contingencies Fund.

This statement has also been made in the House of Lords: HLWS260

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