# Local Government Finance Act 1988, Paragraph 9

Extent: E+W

(1) Before a financial year begins the Welsh Ministers shall estimate—
(a) the aggregate of the items of account which will be credited to the account kept for the year; and
(b) the aggregate of the items of account which will be debited to the account kept for the year under paragraphs 2(2)(a) and 3(3)(b) above.
(2) In making any estimate under sub-paragraph (1) above the Welsh Ministers may make such assumptions as they see fit.
(3) If the aggregate estimated under sub-paragraph (1)(a) above exceeds the aggregate estimated under sub-paragraph (1)(b) above the Welsh Ministers shall calculate the amount equal to the difference.
(4) In the local government finance report for the year the Welsh Ministers shall specify the amount arrived at under this paragraph (the distributable amount for the year) , subject to paragraph 9A below.

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Source: https://www.legislation.gov.uk/ukpga/1988/41/schedule/8/paragraph/9 (the official version)
Page: https://openlegislation.uk/local-government-finance-act-1988/schedule-8/paragraph-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.