Northern Ireland Budget Act 2023

Year ending 31 March 2024 U.K.

8 Use of resources U.K.

(1) For the purposes of section 6(1) of the 2001 Act, this section and section 9 authorise the use of resources in the year ending 31 March 2024.

(2) In that year, the use of resources by the persons mentioned in subsection (3) is authorised up to the amount of £17,404,266,000.

(3) The persons are—

(a) the Northern Ireland departments;

(b) the Food Standards Agency;

(c) the Northern Ireland Assembly Commission;

(d) the Northern Ireland Audit Office;

(e) the Northern Ireland Authority for Utility Regulation;

(f) the Northern Ireland Public Services Ombudsman;

(g) the Public Prosecution Service for Northern Ireland.

(4) Of the amount authorised by subsection (2)—

(a) £15,835,528,000 is authorised for use for current purposes, and

(b) £1,568,738,000 is authorised for use for capital purposes.

Commencement Information

I1 S. 8 coming into force at Royal Assent

9 Limits on use of resources U.K.

(1) Schedule 2 contains estimates relating to the persons mentioned in section 8(3) for the year ending 31 March 2024 (“Schedule 2 estimates”).

(2) In the year ending 31 March 2024, a person mentioned in section 8(3) may use resources in accordance with subsections (3) to (7) and the Schedule 2 estimate relating to that person.

(3) The person may use resources for the purposes specified in Part 2 of the estimate; but this is subject to subsections (4) to (7).

(4) Where Part 1 of the estimate authorises the use of net resources for current purposes, the person—

(a) may use resources up to the amount so authorised for current purposes;

(b) must not use those resources for capital purposes.

(5) Where Part 1 of the estimate authorises the use of net resources for capital purposes, the person—

(a) may use resources up to the amount so authorised for capital purposes;

(b) must not use those resources for current purposes.

(6) Where Part 1 of the estimate authorises the use of net resources in relation to a category of expenditure, the person—

(a) may use resources up to the amount so authorised for a purpose identified in the estimate as falling within that category of expenditure;

(b) must not use those resources for any other purpose.

(7) The categories of expenditure are—

(a) expenditure subject to a departmental expenditure limit;

(b) annually managed expenditure;

(c) non-budget expenditure.

Commencement Information

I2 S. 9 coming into force at Royal Assent

10 Issue of sum out of the Consolidated Fund U.K.

The Department may issue out of the Consolidated Fund and apply to the service of the year ending 31 March 2024 the sum of £14,154,737,000.

Commencement Information

I3 S. 10 coming into force at Royal Assent

11 Use of sum issued out of the Consolidated Fund U.K.

(1) The sum that the Department may issue out of the Consolidated Fund under section 10 may be used for the year ending 31 March 2024 in accordance with subsection (2).

(2) The sum specified in Part 1 of a Schedule 2 estimate as a money requirement may be used by the person to whom the estimate relates for the purposes specified in Part 2 of the estimate.

Commencement Information

I4 S. 11 coming into force at Royal Assent

12 Power to borrow U.K.

(1) The Department may borrow on the credit of the sum specified in section 10 any sum or sums not exceeding in total £7,077,369,000.

(2) Any money so borrowed is to be repaid along with any interest due on it out of the Consolidated Fund not later than 31 March 2024.

Commencement Information

I5 S. 12 coming into force at Royal Assent