Annual estimates

(1) The Minister responsible for Finance shall lay before the National Assembly a statement of the estimated receipts and the expenditure of the Government in respect of that financial year, other than the sums specified in subsection (3). (2) The statement of estimates shall be laid before the National Assembly in respect of every financial year and shall be so laid before the commencement of that financial year. (3) Where the National Assembly does not propose to debate the estimates until after the commencement of the financial year to which they relate, the estimates of the revenue may be laid before the National Assembly at any time before the commencement of such debate. (4) The estimates of expenditure shall show separately— (a) the total sums required to meet the expenditure charged on the Consolidated Fund; and (b) the sums respectively required to meet the heads of other expenditure proposed to be met from the Consolidated Fund. (5) The sums to be shown in the estimates of receipts and expenditure shall not include— (a) sums representing the proceeds of any loan raised by the Government for a specific purpose and appropriated for that purpose by the Act authorizing the raising of the loan; (b) sums representing any money or interest on money received by the Government subject to a trust and to be held or applied in accordance with the terms of that trust; (c) sums representing moneys authorized to be advanced from the Consolidated Fund under an Act of Parliament and repayments thereof; and (d) sums representing moneys received for or to be applied from any special fund established and regulated by this Constitution or by an Act of Parliament which provides that subsections (1) and (4) shall not apply to that fund. [13 of 2001]