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Departmental Public Expenditure

Volume 474: debated on Thursday 3 April 2008

To ask the Secretary of State for International Development what the reasons were for his Department’s £91 million use of end year flexibility. (197778)

The Department for International Development’s (DFID) £91 million end of year flexibility (EYF) consists of £75.5 million resource and £15.1 million capital.

Of the £75.5 million resource, £63.5 million is near cash and £12 million non-cash. We keep a small non-cash EYF stock to manage fluctuations in International Finance Institutions’ (IFI) capital charges.

The £63.5 million near cash resource EYF stock represents about 1.5 per cent. of DFID resource outturn in 2006-07 and represents a prudent end-year operating margin.

The £15.1 million capital EYF has been drawn down and utilised during 2007-08.