Public Finance Management Act [Chapter 22:19] as amended as at 28 October 2016 25 Advances by Treasury (1) Subject to this section, the Treasury may make advances to or payments on account of— (a) another government; (b) a trust or other account or fund administered by the State, a Minister or an officer; (c) a public entity or person; (d) any constitutional entity where— (i) the account or fund to which the cost is to be charged cannot immediately be ascertained; or (ii) the Treasury has directed that payment in respect of that entity shall be made forthwith on receipt of an account relating thereto. (2) The aggregate amount of the advances or payments made in terms of subsection (1) which are outstanding at any one time shall not exceed— (a) such amount as may be prescribed by the Minister; or (b) five per centum of the total amount appropriated in the last main Appropriation Act; whichever is the lesser15: Provided that the aggregate amount ascertained in terms of this subsection shall not include any advances or payments which have been misappropriated. (3) Save as is provided in subsection (1)(d), no advance or payment may be made in terms of subsection (1) to meet expenditure for which— (a) provision is voted in an Appropriation Act; or (b) a special warrant in terms of section 24 may or should be issued. (4) The Consolidated Revenue Fund is hereby appropriated for the purpose of any advance or payment in terms of subsection (1). 26 Issue of money to carry on government at the beginning of each financial year (1) Subject to this section, the President may in any financial year authorise in advance of the main Appropriation Act for that year the issue from the Consolidated Revenue Fund of such money as may be necessary to carry on the services of the Government during the period commencing with the beginning of that financial year and expiring four months thereafter or on the date of commencement of the main Appropriation Act, whichever is the earlier. (2) Immediately the main Appropriation Act comes into operation after any issue authorised in terms of subsection (1), the issue so authorised shall be deemed to have been made for the purposes of such Act and shall be accounted for in accordance with the provisions thereof. (3) The aggregate of all sums authorised to be issued from the Consolidated Revenue Fund in terms of subsection (1) shall not exceed one-third of the sums included in the estimates of expenditure for the preceding financial year that have been laid before the National Assembly. 27 Issue of money to carry on government after dissolution of Parliament (1) Subject to subsection (2), if at any time Parliament has been dissolved before any provision or sufficient provision has been made in terms of Chapter XVII of the Constitution or 15 Word “lesser” substituted for “greater” by Act 3/2016 with effect from 1st July 2016. - 22 -