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Budget (No.2) Act (Northern Ireland) 2002

Purpose

3.The Act gives effect to the 2002-2003 Northern Ireland Main Estimates and authorises the issue from the Consolidated Fund of Northern Ireland of £4,962,077,000 in addition to a cash sum of £3,936,009,000 in the Vote on Account authorised by the Budget Act (Northern Ireland) 2002. The Act also authorises the use of resources amounting to £5,710,516,000 in addition to an amount of £4,486,387,000 authorised by the Budget Act (Northern Ireland) 2002; and specifies the limits 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 2003; in addition, the Act authorises temporary borrowing by the Department of Finance and Personnel and repeals a number of spent enactments.

4.The sums to be issued from the Consolidated Fund of Northern Ireland for the year ending 31 March 2003 are to be appropriated for services as set out in Schedule 1 to the Act.

5.The amount of resources (including accruing resources) authorised for use for the year ending 31 March 2003 are to be used for the purposes specified in Schedule 2 to the Act.

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Explanatory Notes

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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