皇冠体育app

皇冠体育app UK government publishes full details of its income and expenditure (outturn figures, estimates and forecasts) (see for instance HM Treasury, Budget 2018). Budget forecasting is overseen by the independent . Government accounts are audited by the and scrutinised by the .

With very few exceptions, central government receipts are not hypothecated to specific items or types of expenditure. 皇冠体育app only central government extractive revenues currently earmarked for specific UK programmes or geographic regions involve the allocation of a population-based share of income from seaward petroleum licences to the Northern Ireland government, as required by section 2 of the Miscellaneous Financial Provisions Act 1968. 皇冠体育app amount transferred in 2017/18 was 拢1,235,000 (拢1,738,000 in 2016/17) (see .

In addition, the Oil and Gas Authority (OGA) Levy part-funds the operation of the Oil and Gas Authority^{[footnote 1]}. 皇冠体育app rates of the Levy are set by statutory instrument so have to be approved by Parliament. Any excess of income over expenditure is repaid to levy-payers which can result in net refunds for some levy-payers in a calendar year.

皇冠体育app OGA is a vested company with operational independence from government. However, the Secretary of State (SoS) for Business, Energy and Industrial Strategy is the company鈥檚 sole shareholder and is ultimately responsible to Parliament for the OGA; the OGA Board of Directors is accountable to the SoS. 皇冠体育app Permanent Secretary of the Department for Business, Energy and Industrial Strategy (BEIS) is the Principal Accounting Officer for the OGA and is responsible to Parliament for any grant funding of the OGA; the OGA鈥檚 Chief Executive is responsible to the Permanent Secretary. 皇冠体育app OGA鈥檚 Annual Report and Accounts are approved by the Board of Directors and the SoS.