Housing Development Agency Act, 2008
R 385
Financial Management of Parliament Act, 2009 (Act No. 10 of 2009)Chapter 3 : Planning and Budgeting19. Expenditure before Parliament's annual budget is passed |
| (1) | If Parliament does not pass its annual budget before the start of the financial year to which it relates— |
| (a) | funds may be withdrawn from the National Revenue Fund for the requirements of Parliament during that financial year as a direct charge against the Fund until the budget is passed; and |
| (b) | funds from Parliament’s own revenue sources may be used to meet the requirements of Parliament. |
| (2) | Funds made available to Parliament in terms of subsection (1) may not— |
| (a) | during the first four months of the financial year, exceed forty-five per cent of the total amount in the previous approved budget; |
| (b) | during each of the following months, exceed ten per cent of the total amount in the previous approved budget; or |
| (c) | in aggregate, exceed the total amount appropriated and approved in the previous approved budget. |
| (3) | The funds provided for in subsection (1) are not additional to funds appropriated or approved for the relevant financial year, and any funds withdrawn or used in terms of that subsection must be regarded as forming part of the funds appropriated and approved in the budget for that financial year. |
