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Part 16: State Financial Procedures

Article 207: Estimates of revenues and expenditures

207. Estimates of revenues and expenditures: (1) The State Minister for Finance shall, in respect of every financial year, lay before the State Assembly an annual estimate setting out, inter alia, the following matters:

(a) an estimate of revenues,

(b) the moneys required to meet the charges on the State Consolidated Fund, and

(c) the moneys required to meet the expenditure to be provided for by a State Appropriation Act.

(2) The annual estimate to be laid pursuant to clause (1) shall also be accompanied by a statement of the expenses allocated to every Ministry in the previous financial year and particulars of whether the objectives of the expenses have been achieved.

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