§ Mr. KeetchTo ask the Secretary of State for Defence how much money is in his Department's current account; and if he will make a statement. [137516]
§ Mr. IngramThe Ministry of Defence, along with all other spending Departments, draws down Voted Supply at the beginning of each month from the Exchequer into its principal current account at the Office of Paymaster General. The amount of money in this current account will vary considerably during the month, typically from in excess of £2 billion at the beginning of the month to under £200 million at the end of the month. The balance in this account is monitored on a daily basis to ensure there are sufficient funds to meet the oncoming expenditure requirements in the rest of the month.