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1997 Appropriation Act 1996

SOLOMON ISLANDS


THE 1997 APPROPRIATION ACT 1996


(NO. 11 OF 1996)


Passed by the National Parliament this thirteenth day of December 1996.


Assented to in Her Majesty's name and on Her Majesty's behalf this twenty-second day of January 1997.


Date of commencement: date of publication in the Gazette.


AN ACT TO Appropriate five hundred and ninety one million two hundred and thirty six thousand one hundred and sixty four dollars to the service of the year ending 31st December 1997.


ENACTED by the National Parliament of Solomon Islands.


Short title.


1. This Act may be cited as the 1997 Appropriation Act 1996.


Authorisation of issue from the Consolidated Fund of $591,236,164 to the service of 1997.


2. The issue from the Consolidated Fund is hereby authorised of the sum of five hundred and ninety one million, two hundred and thirty six thousand, one hundred and sixty four dollars to be applied to the service of the year ending 31st December 1997.


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 to this Act.


Overdrafts and Advances.


4. The Government may, at time or times not later than 31st December 1997, borrow by way of overdraft or advances within or outside Solomon Islands, or partly within and partly outside Solomon Islands any sum not exceeding in the whole one hundred million on such terms and conditions as the Minister of Finance may deem expedient.


Development Bonds.


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 amounts may be borrowed under subsection (1) except in accordance with an agreement under that subsection entered into on or before 31 December 1996.


(3) The Government shall not, without first obtaining 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 next meeting following such borrowing or agreement any borrowing or the making of any agreement to borrow money under subsection (1).


Advance Warrants.


6. The total of the 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 1997 shall not at any time exceed five million dollars.


Contingencies Warrants.


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 1997 shall not exceed the following amounts -


(1) in respect of Heads of Recurrent Expenditure, two million dollars.


(2) in respect of the Heads of Development Expenditure, two million dollars.


________


FIRST SCHEDULE


(Section 3)


RECURRENT EXPENDITURE


HEAD TITLES EXPENDITURE AUTHORISED


201 Governor General's Office 631,880
202 Auditor General's Office 496,554
204 Office of the Prime Minister 11,439,539
205 National Parliament 7.834,424
207 Foreign Affairs 6,836,990
209 Commerce, Industry & Employment 6,306,075
211 Transport, Works & Communication 19,033,286
216 Home Affairs 5,303,181
218 Education & Human Resource Development 49,077,700
219 Health & Medical Services 48,754,115
220 Finance 8,565,221
220 Pensions and Gratuities 1,510,123
220 Miscellaneous Expenditure 21,887.070
220 Public Debts 103,030,376
226 Provincial Government & Rural Development 33,777,609
228 Justice & Legal Affairs 9,195,645
230 National Planning & Development 901,857
231 Mines & Energy 2,738,823
232 Agriculture & Fisheries 12,000,788
233 Youth, Women & Sports 1,676,301
234 Forest, Environment & Conservation 3,517,877
235 Lands & Housing 20,303,818
236 Culture, Tourism & Aviation 7,740,957
237 Police & National Securities 29,574,183


Sub-Total 412,134,392


DEVELOPMENTS EXPENDITURE EXPENDITURE AUTHORISED


HEADS TITLES


A. Development of Natural Resources 16,121,000
B. Development of Commerce, Industry & Finance 9,383,000
C. Physical Infrastructure & Utilities 70,639,700
D. Human Resource & Community Development 64,772,072
E. Government & Security 18,188,000


Sub-Total 179,101,772


Total Recurrent and Development Expenditure 591,236,164


_______


SECOND SCHEDULE


(Section 5)


COLUMN 1
Maximum Borrowing
COLUMN 2
Use of Funds
COLUMN 3
Sources of Funds



100,000,000
Development projects in natural resources, economic infrastructure and human resources
Asian Development Bank (ADB) and other foreign multilateral financing sources
100,000,000
Local financing of development projects and deficit
Development Bonds, Treasury Bills, Savings Certificate and term loans from domestic financial institutions and National Provident Fund.

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