Explanatory Memorandum

Budget Act (Northern Ireland) 2020

2020 CHAPTER 1

26 March 2020

PURPOSE

Section 3: Revised limits on use of certain accruing resources in the year ending 31 March 2020

Sub-section (1) sets relevant revised limits on the amount of accruing resources, including both operating and non-operating accruing resources, that may be directed to be used for certain specified purposes in the year ending 31 March 2020 in addition to the resources authorised by the Act.

Sub-section (2) provides authority for the direction of accruing resources as specified in column 3 of Schedule 2 to be used for the purposes specified in the corresponding entries in column 1 of that Schedule.

Sub-section (3) provides authority for the accruing resource limits set by the Northern Ireland Budget Act 2019 to be superseded by the amounts specified in column 3 of Schedule 2 to the Budget Act (Northern Ireland) 2020.