Commentary on provisions of Act Section 1 – Issue of sums out of the Consolidated Fund for year ending 31 March 2019 and appropriation of that sum
Section 1 authorises the issue out of the Consolidated Fund of Northern Ireland the sum of £8,907,660,000 for the purposes set out in Schedule 1. This authorisation is in addition to the authorisation in section 4 of the Northern Ireland Budget (Anticipation and Adjustments) 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 within Northern Ireland.