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Budget Act (Northern Ireland) 2021

Purpose

6.The Act authorises the use of resources for both 2020-21 and 2021-22. For 2020-21 a total revised amount of £25,124,542,000 is authorised and for 2021-22 a Vote on Account of £11,194,733,000 is taken to provide departments and public bodies with provision for the early months of 2021-22, until the Main Estimates are voted in the summer. The Act revises the limits as set in the Budget (No.3) Act (Northern Ireland) 2020 on the amount of accruing resources, including both operating and non-operating accruing resources, that may be directed to be used for certain purposes for the year ending 31 March 2021. The Act also authorises the issue of cash from the Consolidated Fund in support of services for both 2020-21 and 2021-22. For 2020-21 the Act authorises a total revised amount of £22,220,328,000 and for 2021-22 a Vote on Account of £10,081,611,000 is taken. In addition, the Act authorises temporary borrowing up to £5,040,806,000 in 2021-22 by the Department of Finance.

7.The sums to be issued from the Consolidated Fund of Northern Ireland for the year ending 31 March 2021 are to be appropriated for services, as set out in Schedule 1 to the Act.

8.The amount of resources (including accruing resources) authorised for use for the year ending 31 March 2021 are to be used for the purposes specified in Schedule 2 to the Act.

9.The sums to be issued from the Consolidated Fund of Northern Ireland for the year ending 31 March 2022 are to be appropriated for services as set out in Schedule 3 to the Act.

10.The amount of resources authorised for use for the year ending 31 March 2022 are to be used for the purposes specified in Schedule 4 to the Act.

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Text created by the Northern Ireland Assembly department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes accompany all Acts of the Northern Ireland Assembly.

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