Chwilio Deddfwriaeth

Budget Act (Northern Ireland) 2012

Purpose

6.The Act authorises the use of resources for both 2011-12 and 2012-13. For 2011-12 a total revised amount of £16,220,944,000 is authorised and for 2012-13 a Vote on Account of £7,451,346,000 is taken to provide departments with provision for the early months of 2012-13, until the Main Estimates are voted in the summer. The Act revises the limits as set in the Budget (No. 2) Act (Northern Ireland) 2011 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 31st March 2012. The Act also authorises the issue of cash from the Consolidated Fund in support of services for both 2011-12 and 2012-13. For 2011-12 the Act authorises a total revised amount of £15,244,040,000 and for 2012-13 a Vote on Account of £6,987,469,000 is taken. In addition, the Act authorises temporary borrowing up to £3,493,734,000 in 2012-13 by the Department of Finance and Personnel.

7.The sums to be issued from the Consolidated Fund of Northern Ireland for the year ending 31st March 2012 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 31st March 2012 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 31st March 2013 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 31st March 2013 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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