Northern Ireland Act or statute

Northern Ireland legislation

Budget Act (Northern Ireland) 2020

This provision authorises the Department of Finance to issue and use specified public money, borrow up to a set limit, and requires borrowed money to be repaid by 31 March 2021.

borrowinggovernment spendingresource authorisation

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01

Purpose and legislative effect

“This provision authorises the Department of Finance to issue and use specified public money, borrow up to a set limit, and requires borrowed money to be repaid by 31 March 2021.”

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02

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  1. 01

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    Enacted 26 Mar 2020 · Published 30 Mar 2020. The date shown identifies this source expression and should not be treated as proof that no later change exists.

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Budget Act (Northern Ireland) 2020

This provision authorises the Department of Finance to issue and use specified public money, borrow up to a set limit, and requires borrowed money to be repaid by 31 March 2021.

Document — Budget Act (Northern Ireland) 2020

04

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Source record from www.legislation.gov.uk · Enacted 26 Mar 2020 · Published 30 Mar 2020

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Provision
§ —Budget Act (Northern Ireland) 2020Provision

This provision authorises the Department of Finance to issue and use specified public money, borrow up to a set limit, and requires borrowed money to be repaid by 31 March 2021.

Budget Act (Northern Ireland) 2020 An Act to authorise the issue out of the Consolidated Fund of certain sums for the service of the years ending 31 March 2020 and 2021; to appropriate those sums for specified purposes; to authorise the use for the public service of certain resources for those years; to revise the limits on the use of certain accruing resources in the year ending 31 March 2020; and to authorise the Department of Finance to borrow on the credit of the sum appropriated for the year ending 31 March 2021. BE IT ENACTED by being passed by the Northern Ireland Assembly and assented to by Her Majesty as follows: The Department of Finance may issue out of the Consolidated Fund and apply to the service of the year ending 31 March 2020 the sum of £17,519,166,000. That sum is appropriated for the purposes specified in Schedule 1. The authorisation and appropriations in this section supersede those made by section 4 of the Northern Ireland Budget (Anticipation and Adjustments) Act 2019 and section 1 of the Northern Ireland Budget Act 2019; and, in relation to any amount specified in column 2 of Schedule 1, any increase or decrease by virtue of this section in the amount appropriated is given in brackets after the amount. For the purposes of section 6(1) of the 2001 Act, this section authorises the use of resources in the year ending 31 March 2020 by the persons mentioned in subsection (3) to the amount of £21,022,321,000. In that year, resources may be used by a person mentioned in that subsection for the purposes specified in relation to that person in column 1 of Schedule 2 up to the amounts specified in the corresponding entries in column 2 of that Schedule. The persons are— the Northern Ireland departments; the Food Standards Agency; the Northern Ireland Assembly Commission; the Northern Ireland Audit Office; the Northern Ireland Authority for Utility Regulation; the Northern Ireland Public Services Ombudsman; the Public Prosecution Service for Northern Ireland. The authorisations in this section supersede those made by section 6 of the Northern Ireland Budget (Anticipation and Adjustments) Act 2019 and section 3 of the Northern Ireland Budget Act 2019; and, in relation to any amount specified in column 2 of Schedule 2, any increase or decrease by virtue of this section in the amount authorised is given in brackets after the amount. In this section “resources” does not include accruing resources within the meaning of section 8(1) of the 2001 Act. For the purposes of section 8(1) of the 2001 Act, this section sets the relevant limits on the accruing resources that may be directed to be used for certain purposes in the year ending 31 March 2020 in addition to resources authorised by this Act to be used for those purposes in that year. In that year accruing resources not exceeding the amount specified in column 3 of Schedule 2 may be directed to be used for the purposes specified in the corresponding entries in column 1 of that Schedule. The limits set by this section supersede those set by section 4 of the Northern Ireland Budget Act 2019; and, in relation to any amount specified in column 3 of Schedule 2, any increase or decrease by virtue of this section in the amount of the limit is given in brackets after the amount. The Department of Finance may issue out of the Consolidated Fund and apply to the service of the year ending 31 March 2021 the sum of £7,962,895,000. That sum is appropriated for the purposes specified in Schedule 3. The Department of Finance may borrow on the credit of the sum specified in section 4 any sum or sums not exceeding in total £3,981,448,000. Any money so borrowed must be repaid, with any interest due on it, out of the Consolidated Fund not later than 31 March 2021. For the purposes of section 6(1) of the 2001 Act, this section authorises the use of resources in the year ending 31 March 2021 by the persons mentioned in subsection (3) to the amount of £9,054,440,000. In that year, resources may be used by a person mentioned in that subsection for the purposes specified in relation to that person in column 1 of Schedule 4 up to the amounts specified in the corresponding entries in column 2 of that Schedule. In this Act, “the 2001 Act” means the Government Resources and AccountsAct (Northern Ireland) 2001. This Act may be cited as the Budget Act (Northern Ireland) 2020. 300,551,000 (-24,727,000) 4,727,206,000 (+201,718,000) 1,204,003,000 (-108,765,000) 2,467,181,000 (+80,992,000) 137,978,000 (-4,038,000) 231,996,000 (-1,689,000) 90,000,000 (+11,359,000) 5,833,819,000 (+163,353,000) - (-) 953,903,000 (+21,807,000) 1,343,461,000 (+23,461,000) 500,000 135,011,000 (+9,700,000) 10,323,000 (+351,000) 32,917,000 (-1,091,000) 7,184,000 (-936,000) 1,366,000 (-54,000) 3,565,000 (-541,000) 38,202,000 (-932,000) 330,153,000 (-10,536,000) 402,471,000 (-8,749,000) 4,876,996,000 (+287,489,000) 210,247,000 (-45,876,000) 1,096,687,000 (+78,690,000) 264,926,000 (+73,547,000) 2,393,135,000 (+85,040,000) 20,342,000 (-613,000) 50,595,000 (+56,000) 694,574,000 (+70,993,000) 311,426,000 (-5,993,000) 230,401,000 (+10,009,000) 127,646,000 (+4,127,000) 645,000,000 (-5,766,000) 319,700,000 (+10,345,000) 5,847,108,000 (+176,134,000) 638,513,000 (+24,722,000) 1,285,963,000 (+75,310,000) 671,490,000 (-16,049,000) 830,579,000 (+313,000) 150,722,000 (+38,067,000) 1,973,156,000 (+625,354,000) 54,022,000 (+1,941,000) 1,000,000 (+300,000) 1,700,000 (+730,000) 666,581,000 (+537,441,000) 22,192,000 (+4,536,000) 10,467,000 (+690,000) 4,098,000 (-170,000) 41,968,000 (+3,580,000) 165,000 (-59,000) 6,824,000 (-981,000) 2,745,000 (+45,000) 263,000 (-167,000) 10,120,000 (+174,000) 2,643,000 (-756,000) 277,000 (+226,000) 38,228,000 (-154,000) 656,000 (+575,000)
Document — Budget Act (Northern Ireland) 2020Verify source

Legislative relationships

1 referenced instrument

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N–S

1 instrument

  • Northern Ireland Budget (Anticipation and Adjustments) Act

    Section Document — Budget Act (Northern Ireland) 2020

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  • Undated version · currentEnglish

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