Explanatory Memorandum

Budget Act (Northern Ireland) 2013

2013 CHAPTER 4

14 March 2013

Commentary on Sections

Section 1: Issue of sum out of the Consolidated Fund for the year ending 31stMarch 2013 and appropriation of that sum

Sub-section (1) authorises the issue out of the Consolidated Fund of Northern Ireland of the revised sum of £15,459,758,000 for 2012-2013.

Sub-section (2) appropriates that sum for the purposes specified in column 1 of Schedule 1.

Sub-section (3) provides authority for cash limits set by the Budget Act (Northern Ireland) 2012 and the Budget (No. 2) Act (Northern Ireland) 2012 to be superseded by the amounts specified in column 2 of Schedule 1 to the Budget Act (Northern Ireland) 2013.