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HMT Main Estimates - GOV.UK


HMT Main Estimates
Estimates are the means of obtaining from Parliament, the legal authority to consume resources and spend cash the government needs to finance department s agreed spending programme
From:
Under long-established constitutional practice it is for the Crown (the government) to demand money, the House of Commons to grant it and the House of Lords to assent to the grant. Estimates are the means of obtaining from Parliament the legal authority to consume resources and spend cash the government needs to finance department’s agreed spending programmes for the financial year (April to March).
Under the Clear Line of Sight reforms which came into effect from 2011-12 and align Estimates, budgets and accounts, Parliament gives statutory authority for the consumption of resources and capital and for cash to be drawn from the Consolidated Fund (the government’s general bank account at the Bank of England) by Acts of Parliament known as Supply and Approp ....

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