§ Lord Brabazon of Taraasked Her Majesty's Government:
What changes have been made to the External Finance Limit for the current year for the Commonwealth Development Corporation (CDC).
§ The Minister of State, Foreign and Commonwealth Office (Baroness Chalker of Wallasey)The External Finance Limit for CDC set out in the Statistical Supplement to the Financial Statement and Budget report 1994–95 (Cm 2519) has been increased from zero to £30.56 million. The increase is made up of £22 million due to a classification change, £2.7 million to allow for investment of cash balances held at the end of 1993–94 and £5.86 million in respect of continuing interest payments made by CDC.
The classification change has no consequences for public expenditure and the other elements of the increase will be met by a decrease in the cash limit for, and reallocation of provision within, Class II Vote 5. The increase will not therefore add to the planned total of public expenditure.