Section 1 authorises the issue out of the Consolidated Fund of Northern Ireland the sum of £16,822,319,000 for the purposes set out in Schedule 1. This authorisation supersedes those amounts previously authorised by the Northern Ireland Budget (Anticipation and Adjustments) Act 2018 and the Northern Ireland Budget Act 2018. This is not new money, as it is an authorisation for issue from the Consolidated Fund of Northern Ireland as would normally be done by the Assembly. The sums referred to are those already appropriated by Parliament through the UK Estimates process, together with revenue generated locally within Northern Ireland under the Assembly’s devolved powers.
Section 1: Issue of sums out of the Consolidated Fund for year ending 31 March 2019 and appropriation of that sum