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Budget (No. 2) Act (Northern Ireland) 2020

Purpose

7.The Act will give effect to the 2020-21 Further Vote on Account and authorises the use of resources for 2020-21. For 2020-21 a Vote on Account of £9,050,940,000 is taken to provide departments and public bodies with provision for the first half of 2020-21, until the Main Estimates are voted in the autumn. The Act also authorises the issue of cash from the Consolidated Fund in support of services for 2020-21. For 2020-21 a Further Vote on Account of £8,225,189,000 is taken. In addition, the Act authorises temporary borrowing up to £4,112,595,000 in 2020-21 by the Department of Finance.

8.The sums to be issued from the Consolidated Fund of Northern Ireland for the year ending 31 March 2021 are to be appropriated for services, as set out in column 1 of Schedule 1 to the Act.

9.The amount of resources authorised for use for the year ending 31 March 2021 are to be used for the purposes specified in column 1 of Schedule 2 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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