Lord Mendelsohn – 2014 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Lord Mendelsohn on 2014-04-08.

To ask Her Majesty’s Government what is the percentage cost over-run established by the management board for any budget in HM Treasury to merit being tabled at the departmental management board; and how many times in the last 12 months that has occurred.

Lord Deighton

HM Treasury does not have a prescribed percentage for which a forecast overspend is tabled at the executive management board. Each month the board receives a summary of the forecast expenditure against budget and a commentary in which any significant forecast variances to individual budgets are described and explained.