Commentary on Sections
Section 1: Issue of sum out of the Consolidated Fund for the year ending 31st March 2009 and appropriation of that sum
Sub-section (1) authorises the issue out of the Consolidated Fund of Northern Ireland of the sum of £7,184,270,000 for 2008-2009.
Sub-section (2) appropriates that sum for the purposes specified in column 1 of Schedule 1.
Section 2: Power of the Department of Finance and Personnel to borrow
This section authorises the temporary borrowing by the Department of Finance and Personnel of approximately half the sum covered by Section 1 (1). This is a normal safeguard against the possibility of a temporary deficiency arising in the Northern Ireland Consolidated Fund.
Section 3: Use of resources (other than accruing resources) in the year ending 31st March 2009
This section authorises the use of resources amounting to £8,474,916,000 for 2008-2009, for the purposes specified in column 1 of Schedule 2.
Section 4: Limit on use of accruing resources in the year ending 31st March 2009
This section sets the limits on the accruing resources that may be directed to be used for certain specified purposes in the year ending 31st March 2009.
Section 5: Cash excess for the year ending 31st March 2007
This section, which relates to the Department of Health, Social Services and Public Safety Superannuation Estimate, authorises the issue of £7,224,593.19 from the Consolidated Fund for 2006-07 for excess expenditure on superannuation benefits to or in respect of persons engaged in the health and personal social services or in other approved employment.
Section 6: Repeal of spent provisions
This section removes from the statute book two Budget Orders which are no longer operative.
Section 7: Interpretation
As in Budget Act.
Section 8: Short title
This section sets out the title of the Act.
