Explanatory Memorandum to Budget (No.2) (Northern Ireland) Order 2005 Explanatory Memorandum

1. Introduction

2. Background and Policy Objectives

3. Commentary on Provisions

   1. Article 1: Title and commencement:

      Article 2: Interpretation

      Article 3: Issue of sum out of the Consolidated Fund for the year ending 31 March 2006 and appropriation of that sum.

   2. Article 4:  Use of resources (other than accruing resources) in year ending 31 March 2006

   3. Article 5: Limit on use of accruing resources in year ending 31 March 2006

   4. Article 6: Power of the Department of Finance and Personnel to borrow

   5. Article 7:  Resource excess for year ending 31 March 2004

   6. Article 8: Repeal of spent enactments