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Constitutional Matters I - Constitution of Brunei Darussalam · art 60

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art 60Annual estimates of receipts and expenditure

(1)

His Majesty the Sultan and Yang Di-Pertuan shall, in respect of every financial year, cause to be laid before the Legislative Council a statement of the estimated receipts and expenditure of the Government for that year and, unless the Legislative Council by written law in respect of any year otherwise provides, that statement shall be so laid before the commencement of that year.

(2)

The estimates of expenditure shall show separately —

(a)

the total sums required to meet expenditure charged on the

Consolidated Fund; and

(b)

subject to Clause (3), the sums respectively required to meet the heads of other expenditure proposed to be met from the

Consolidated Fund.

(3)

The sums to be shown under paragraph (b) of Clause (2) shall not include —

(a)

sums representing the proceeds of any loan raised by the

Government for any specific purpose and appropriated for such purpose by or under the written law or Act authorising the raising of that loan; and

Constitution of Brunei Darussalam

(b)

sums representing any money, or interest on money, received by the Government subject to a trust and to be applied in accordance with the terms of that trust.

(4)

The statement shall also show, so far as practicable, the assets and liabilities of the Government, other than the assets and liabilities of the

Brunei Investment Agency, at the end of the last completed financial year, the manner in which those assets are invested or held and the general heads in respect of which those liabilities are outstanding.