Section 19: Short-term borrowing
consolidated text (as at 2007). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
19. Short-term borrowing
Without prejudice to section 7, the Minister may, in order to meet current
requirements, borrow, by means of a fluctuating overdraft or otherwise, for a
period of not more than one year, a sum not exceeding 25 per cent of the
estimated revenue as laid before the Assembly for the financial year in which
the borrowing is made.
PART IV – ISSUE OF TREASURY BILLS