Budget Act (Northern Ireland) 2007 Explanatory Notes

1. Introduction

2. Purpose

3. Background

4. Commentary on Sections

   1. Section 1 : Issue of Sum out of the Consolidated Fund for year ending 31 March 2008 and appropriation of that sum.

   2. Section 2 : Power of the Department of Finance and Personnel to borrow.

   3. Section 3 : Use of resources (other than accruing resources) in year ending 31 March 2008.

   4. Section 4 : Limit on use of accruing resources in year ending 31 March 2008.

   5. Section 5 : Repeal of Spent Enactments

   6. Section 6 : Interpretation

   7. Section 7: Short Title

5. Schedules to the Act