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Budget Act (Northern Ireland) 2024
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Power to borrow
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5.—(1) The Department may borrow on the credit of the sum specified in section 3 any sum or sums not exceeding in total £11,968,844,000.
(2) Any money so borrowed is to be repaid along with any interest due on it out of the Consolidated Fund not later than 31 March 2024.
(3) Section 5 of the Northern Ireland Budget (No.2) Act 2023 (power to borrow) is omitted.
(4) Any money borrowed under that section and outstanding on the day on which this section comes into operation is to be treated as having been borrowed under this section.
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