My honourable friend the Economic Secretary to the Treasury (Ed Balls) has made the following Written Statement.
Subject to parliamentary approval of any necessary supplementary estimate, National Savings and Investments DEL will be increased by £9,000,000 from £170,294,000 to £179,294,000 and the administration costs limits will be increased by £9,000,000 from £170,294,000 to £179,294,000. Within DEL change, the impact on resources and capital are set out in the following table.
Voted Non-voted Voted Non-Voted Resource DEL: 14,000 -5,000 179,294 - 179,294 Of which: - Administration budget: 14,000 -5,000 179,294 - 179,294 Near cash in RDEL: 9,000 -5,000 173,747 900 174,647 Capital - - 500 - 500 Depreciation* - - -3,030 - -3,030 Total 14,000 -5,000 176,764 - 176,764 * Depreciation which forms part of resource DEL, is excluded from the total DEL since capital DEL includes capital spending and to include depreciation of those assets would lead to double counting.
The change in the resource element of the DEL arises from end year flexibility being drawn down to support expenditure on major project commitments. There is no change in the capital element of DEL.