contingency reserve

(in relation to budgeting) A provision within the Budget and forward estimates for items that either cannot or should not (generally for reasons of commercial sensitivity) be allocated to specific programmes at the time of publication. For example, allowance for the expected receipts from the sale of assets, or measures that require negotiation by the government where publication of estimates would adversely affect the government's negotiating position. The amount of the contingency reserve is not a general policy reserve, and it is not appropriated.

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Last updated: 13 January 2016