| answer text |
<p>The 16-19 budget set for each financial year is a forecast of anticipated spend.
Actual spend varies from this because it is based on set funding rates per student.
If actual student numbers are lower than forecast, the department works in conjunction
with the Treasury to try to reallocate any underspends to other priorities in a way
that maximises value for money. This could include a proposal to redeploy the funding
to the next financial year. If alternative value for money activities cannot be identified,
the funding is returned to the Treasury to support the overall fiscal position.</p><p>
</p>
|
 |
