(1)The amount up to which authorisation was conferred for the use of resources for the year ending with 31 March 2017 is to be treated as further increased by £87,919,858,000.
(2)In relation to the further amount treated as authorised by subsection (1)—
(a)the amount up to which there is authorisation for use for current purposes is to be treated as further increased by £88,795,278,000; and
(b)the amount up to which there is authorisation for use for capital purposes is to be treated as reduced by £875,420,000.
(3)The amount up to which authorisation was conferred on the Treasury—
(a)to issue money out of the Consolidated Fund, and
(b)to apply it in the year ending with 31 March 2017 for expenditure authorised by Parliament,
is to be treated as reduced by £2,829,634,000.
(4)The increases for which subsections (1) and (2)(a) provide, and the reductions for which subsections (2)(b) and (3) provide, are to be treated as having had effect from the beginning of 1 April 2016.