Budget (No. 2) Act (Northern Ireland) 2024 Explanatory Notes

Section 5: Power to Borrow for the year ending 31 March 2025

Section 5 authorises the Department of Finance to borrow a sum or sums up to approximately half of the sum specified in section 3.  This is a normal safeguard against the possibility of a temporary deficiency arising in the Consolidated Fund for Northern Ireland.  Any sum borrowed is to be repaid by 31 March 2025.

Back to top