Department for Business and Trade: Public Expenditure
The question
To ask the Secretary of State for Business and Trade, what underspends are projected in (a) his Department and (b) each of its arms length bodies in this financial year.
Answered by Justin Madders
Final 2024-25 budgets for the Department and its arm’s length bodies will be confirmed through the Supplementary Estimate process.
The Department has requested budgets at Supplementary Estimate that minimise underspends whilst enabling it to manage risks and the inherent volatility in its Annually Managed Expenditure and Financial Transactions budgets.
Any underspends this financial year will be confirmed once the 2024-25 Annual Report and Accounts are finalised and published.
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