Public Finance Management Act [Chapter 22:19] as amended as at 28 October 2016
(ii) any assets or liabilities of that fund shall not be regarded for any purposes as
assets or liabilities of the State; and
(iii) any employee of that fund shall not be regarded for any purposes as an
employee of the State; and
(iv) the provisions of subsection (3), the proviso to subsection (9) and subsection
(10) shall not apply in relation to the constitution of that fund but that
constitution shall not be amended without the approval of the Treasury.
(6) Subject to subsection (1), no fund shall be established by an officer in the employment
of the State for the deposit of public moneys unless the establishment of that fund is authorised
by or in terms of this Act or any other enactment.
(7) Where a fund administered by an officer in the employment of the State has been
established in terms of this Act or any other enactment—
(a) there shall be paid into and credited to that fund any moneys which are—
(i) appropriated by Act of Parliament for the purposes of that fund; or
(ii) required by any enactment or, in the case of a fund established in terms of
subsection (1), by the constitution thereof, to be paid into that fund;
(b) there may, subject to the approval of the Treasury, be paid into and credited to that
fund any money made available from other sources for the purposes of that fund.
(8) The Minister may, on such terms and conditions as he or she may fix, make loans or
advances for a period not exceeding three hundred and sixty days to any statutory fund or fund
referred to in this section to enable the functions that should be carried out by means of the use
of the money in that fund to be carried out:
Provided that money loaned or advanced in terms of this subsection shall not be used for
capital expenditure unless the Minister has approved such use.
(9) Notwithstanding anything to the contrary contained in this Act, the receipts, earnings or
accruals of a statutory fund or fund referred to in this section shall be paid into and form part of
that fund:
Provided that, subject to any enactment by or in terms of which the fund is established or, in
the case of a fund established in terms of subsection (1), the provisions of the constitution
thereof, the Treasury may at any time direct that any moneys in such fund shall be paid into the
Consolidated Revenue Fund.
(10) Subject to any enactment by or in terms of which a fund is established or, in the case of
a fund established in terms of subsection (1), the provisions of the constitution thereof, the
Treasury may wind up that fund and shall transfer any moneys in that fund to the Consolidated
Revenue Fund.
(11) Any loan made in terms of subsection (8) shall be paid out of the Consolidated
Revenue Fund which is hereby appropriated to the purpose.
19 Anticipated or unauthorised excess expenditure
(1) If in respect of any financial year it is found that the amount appropriated by the
Appropriation Act to any purpose is insufficient or that a need has arisen for expenditure for a
purpose to which no amount has been appropriated by that Act, a supplementary estimate
showing the sums required shall be laid before the National Assembly and, when such estimates
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