Paragraph 115 Financial year estimates
United Kingdom
At least six weeks before the beginning of each financial year the Minister of Finance shall cause to be prepared and laid before the F1Parliament—
estimates of revenues and expenditure of the Government for that financial year; and
a document setting out targets for revenue and expenditure for the next three financial years, and an assessment of performance against the debt sustainability limits as set out in the framework document published under section 109(4) which is for the time being in effect,
and the Parliament shall publish those estimates and that document without delay.
Before the Parliament considers the estimates laid before it under subsection (1)(a), the Appropriations Committee shall scrutinise those estimates and make recommendations in relation to them to the Parliament in sufficient time for an Appropriation Bill to be passed by the Parliament before the beginning of the financial year in question.
Annotations
Textual amendments
- F1
Word in Sch. 2 substituted (coming into force in accordance with art. 1(3) of the amending S.I.) by The Turks and Caicos Islands Constitution (Amendment) Order 2024 (S.I. 2024/1128), art. 8(1) (with arts. 4, 8(2))