I hereby give notice of the Wales Office’s intention to seek an advance from the Contingencies Fund. The Department requires an advance to meet an urgent cash requirement pending parliamentary approval of the supplementary estimates 2020-21.
The Wales Office’s net cash limit for 2020-21, approved in the main supply estimate, will be reached by mid-February 2021. This is a consequence of meeting in full the funding requirements of the Welsh Government. Significant additional consequential funding for the Welsh Government, arising from announcements made by the UK Government, will be provided in the supplementary supply estimate. This will cover the increased costs incurred by the Welsh Government in response to the covid-19 pandemic.
Parliamentary approval for additional non-budget expenditure of £3,800,000,000 will be sought in a supplementary estimate for the Wales Office. Pending that approval, urgent expenditure estimated at £3,800,000,000 will be met by a repayable cash advance from the Contingencies Fund.
The advance will be repaid immediately following Royal Assent of the Supply and Appropriation (Anticipation and Adjustments) Bill in March 2021.