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1998 Supplementary Appropriation Act 1998

SOLOMON ISLANDS


THE 1998 SUPPLIMENTARY APPROPRIATION ACT 1998
(NO. 4 OF 1998)


Passed by the National Parliament this twenty-eighth day of April 1998.


Assented to in Her Majesty's name and on Her Majesty's behalf this twentieth day of May 1998.


AN ACT To Appropriate five hundred and one million, sixty hundred and ninety five thousand and five hundred and sixty, four dollars to the service of the year ending 31st December, 1998.


Short title.


1. This Act may be cited as the 1998 Appropriation Act 1998.


Authorisation of issue from the Consolidated Fund of $501,695,564 to the service of 1998.


2. The issue from the Consolidated Fund is hereby authorised of the sum of five hundred and one million six hundred ninety five thousand, five hundred and sixty four dollars to be applied to the service of the year ending 31st December 1998.


Appropriation.


3. The sum specified in the preceding section shall be appropriated for the supply of the heads specified, and in the amounts respectively specified in relation thereto, in the First Schedule.


Overdrafts and Advances.


4. The Government may, at any time or times not later than the 31st December 1998 borrow by way of overdraft and advances within or outside Solomon Islands, any sum not exceeding in the whole one hundred million dollars on such terms and conditions as the Minister of Finance may deem expedient.


Structural Reform Programme and Development Loans.


5. (1) The Government may, in addition to its borrowings under the provisions of section 4, borrow or enter into agreements to borrow on such terms and conditions as it may determine amounts up to such sums of money for such purposes and from such sources as are respectively specified in the first, second and third columns of the Second Schedule.


(2) No amount may be borrowed under subsection (1) except in accordance with an agreement under that subsection entered into on or before 31st December 1998.


(3) The Government shall not, without first obtaining the further authority of Parliament borrow for the purposes described thereto any sum or sums in excess of the figure shown in the first column of the Second Schedule.


(4) The Minister shall report to Parliament at the meeting next following such borrowing or agreement any borrowing or the making of any agreement to borrow under subsection (1).


Advance Warrant.


6. The total sums authorised by advance warrants issued by the Minister in exercise of his powers under section 13 of the Public Finance and Audit Act 1978 for the financial year 1998 shall not at any time exceed ten million dollars.


Contingencies Warrant


7. The total sums authorised by contingencies warrants issued by the Minister in exercise of his powers under section 15 of the Public Finance and Audit Act 1978 for the financial year 1998 shall not exceed the following amounts:


(a) in respect of Heads of Recurrent Expenditure, two million dollars;


(b) in respect of Heads of Development Expenditure two million dollars.


_______


FIRST SCHEDULE
(Section 3)


RECURRENT EXPENDITURE
EXPENDITURE AUTHORISED
HEAD


201
Governor-General
576,990
202
Auditor General
461,405
204
Office of the Prime Minister
10,306,240
205
National Parliament
8,548,903
207
Ministry of Foreign Affairs & Trade Relations
8,361,436
209
Ministry of Commerce & Tourism
5,773,556
211
Ministry of Transport, Works & Aviation
20,813,051
216
Ministry of Home Affairs
16,028,599
218
Ministry of Education & Human Resources Development
51,728,420
219
Ministry of Health & Medical Services
54,279,282
220
Ministry of Finance
7,948,839
220
Pensions & Gratuities
202,735
220
Miscellaneous Expenditure
16,984,306
226
Ministry of Provincial Government
31,967,244
230
Ministry of National Planning & Development
801,781
231
Ministry of Mines & Energy
2,349,667
232
Ministry of Agriculture & Fisheries
10,611,487
233
Ministry of Youth, Women & Sports
2,067,382
234
Ministry of Forests, Environment & Conservation
3,418,035
235
Ministry of Lands & Housing
17,151,927
237
Ministry of Police and National Security
32,490,900
221
Policy and Structural Reform Programme
90,500,000
393,372,185


DEVELOPMENT EXPENDITURE
EXPENDITURE AUTHORISED
HEAD


401
Development of Natural Resources
9,883,000
402
Development of Commerce, Industry and Finance
6,312,000
403
Physical Infrastructure and Utilities
31,186,600
404
Human Resource & Community Development
29,061,779
405
Government and security
31,880,000
108,323,379


TOTAL RECURRENT AND DEVELOPMENT EXPENDITURE

501,695,564

___________


SECOND SCHEDULE
(Section 5)


Column 1
Column 2
Column 3
Maximum Borrowing
Use of Funds
Source of Funds
$80,000,000
To include;

(a) Structural reform programme costs including regularising outstanding financial obligations carried forward into 1998.

(b) Development projects in natural resources, economic infrastructure and human resources.
Multilateral and bilateral financial institutions.
$55,000,000
(a) Structural reform programme costs including regularising outstanding financial obligations carried forward into 1998.
Treasury Bills Development Bonds from domestic financial institutions, National Provident Fund and others.

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