Commentary on provisions of Act Section 5: Power of the Department of Finance to borrow
Section 5 authorises the temporary borrowing by the Northern Ireland Department of Finance of £11,395,447,000 approximately half the sum covered by Section 3. This is a normal safeguard against the possibility of a temporary deficiency arising in the Consolidated Fund of Northern Ireland and any such borrowing is to be repaid by 31 March 2024.