Paragraph 168 Annual Estimates

United Kingdom

(1)

The Director of Financial Services shall cause to be prepared and presented to the Governor before the beginning of each financial year (or as soon as practicable thereafter) Estimates of revenue and expenditure of the Government of Ascension for that financial year.

(2)

Before presenting the Estimates to the Governor under subsection (1), the Director of Financial Services shall present the Estimates to the Island Council for any advice it may wish to give in relation to them.

(3)

Notwithstanding subsection (1), the Director of Financial Services may cause to be prepared and presented to the Governor and the Island Council—

(a)

fiscal and monetary programmes and plans for economic and social development;

(b)

estimates of revenue and expenditure covering periods exceeding one year; and

(c)

estimates of non-financial outputs.

Notes on Schedule

Modifications

C1: Sch. modified (22.8.2020) by The Overseas Territories (Constitutional Modifications) Order 2020 (S.I. 2020/780), arts. 1(2), 3(2)

Commencement

I1: Sch. in force at 1.9.2009, see art. 1(3)