SOLOMON ISLANDS

THE 2004 APPROPRIATION ACT 2003

(NO. 4 OF 2003)

Passed by the National Parliament this fourth day of December 2003.

This printed impression has been carefully compared by me with the Bill passed by Parliament and found by me to be a true and correct copy of the said Bill.

Clezy Rore
Deputy Clerk to Parliament

Assented to in Her Majesty's name and on Her Majesty's behalf this thirty-first day of December 2003.

Sir Peter Kenilorea
Acting Governor-General

Dated of commencement: date of publication in the Gazette.

AN ACT TO APPROPRIATE SEVEN HUNDRED AND FIFTY SIX MILLION FIFTY ONE THOUSAND FOUR HUNDRED AND SEVENTY TWO DOLLARS. TO THE SERVICE OF THE YEAR ENDING 31ST DECEMBER 2004.

ENACTED by the National Parliament of Solomon Islands.

Short title

1. This Act may be cited as the 2004 Appropriation Act 2003.

Authorisation of issue from the Consolidated Fund $756,051,472 to the service of 2004

2. The issue from the Consolidated Fund is hereby authorised of a sum of seven hundred and fifty six million fifty one thousand four hundred and seventy two dollars to be applied to the service of the year ending 31st December 2004.

Appropriation

3. The sum specifies in the preceding section shall be appropriated for the supply of the heads specified, and in the amounts respectively specified in relation thereto, in the First Schedule.

Overdraft and Advances

4. The Government may, at any time or times not later than the 31st December 2004, borrow by way of overdraft and advances within or outside Solomon Islands, any sum not exceeding in the whole one hundred million dollars on such terms and conditions as the Minister of Finance may deem expedient.

Development and Rehabilitation Loans

5. (1) The Government may, in addition to its borrowings under the provisions of section 4, borrow or enter into agreements to borrow on such terms and conditions as it may determine amounts up to such sums of money for such purposes and from such sources as are respectively specified in the first, second and third columns of the Second Schedule.

(2) No amounts may be borrowed under subsection (1) except in accordance with in agreement under that subsection entered into on or before 31st December 2004.

(3) The Government shall not, without first obtaining the further authority of Parliament to borrow for the purposes ascribed thereto, borrow any sum or sums in excess of the figure shown in the first column of the Second Schedule.

(4) The Minister shall report to Parliament at the meeting next following such borrowing or agreement of any borrowing or the making of any agreement to borrow under subsection (1).

Advance Warrant

6. The total sums authorised by advance warrants issued by the Minister in exercise of his powers under section 13 of the Public Finance and Audit Act (Cap. 120) for the financial year 2004 shall not at any one time exceed ten million dollars.

Contingencies Warrant

7. The total sums authorised by contingencies warrants issued by the Minister in exercise of his powers under section 15 of the Public Finance and Audit Act (Cap 120) for the financial year 2004 shall not exceed the following amounts:

(a) in respect of Heads of Recurrent Expenditure, two million dollars;

(b) in respect of Heads of Development Expenditure, two million dollars.

FIRST SCHEDULE

(Section 3)

RECURRENT EXPENDITURE	EXPENDITURE
AUTHORISED	
HEAD
		
270	Ministry of Agriculture and Lands	13,658,998
	
271	Auditor General	1,106,408
	
272	Ministry of Education and Human Resources Development	90,210,000
	
273	Ministry of Finance, National Reform and Planning	14,088,028
	
274	Ministry of Foreign Affairs, Commerce and Tourism	11,636,732
	
275	Governor General	1,091,586
	
276	Ministry of Health and Medical Services	52,980,902
	
277	Ministry of Infrastructure Development	17,900,078
	
278	National Debt Servicing	0
	
279	National Parliament	8,999,375
	
280	Ministry of Natural Resources	7,412,534
	
281	Office of the Prime Minister and Cabinet	17,945,474
	
282	Pensions and Gratuities	251,500
	
283	Ministry of Police, National Security and Justice	45,723,3792
	
284	Ministry of Provincial Government, National Reconciliation and Home Affairs	21,408,148

TOTAL RECURRENT EXPENDITURE	
304,413,142	

DEVELOPMENT EXPENDITURE
		
HEAD
			
470	Ministry of Agriculture and Lands	4,432,000
	
472	Ministry of Education and Human Resources Development	77,271,334
	
473	Ministry of Finance, National Reform and Planning	34,682,250
	
474	Ministry of Foreign Affairs, Commerce and Trade	500,000
	
476	Ministry of Health and Medical Services	95,863,209
	
477	Ministry of Infrastructure Development	41,997,000
	
480	Ministry of Natural Resources	5,385,007
	
481	Office of the Prime Minister	0
	
483	Ministry of Police, National Security and Justice	86,127,900
	
484	Ministry of Provincial Government, National Reconciliation, Peace and Home Affairs	105,379,630

TOTAL DEVELOPMENT EXPENDITURE	
451,638,330	

TOTAL RECURRENT AND DEVELOPMENT EXPENDITURE	
756,051,472	

______________

SECOND SCHEDULES
(Section 5)

Column 1	Column 2	Column 3	
			
Maximum Borrowing	Use of Funds	Source of Funds	
			
3000.000.000	TO include:	Multilateral, Bilateral and other financial institutions	
	
(a) Rehabilitation and recovery program costs including regularising outstanding financial obligations carried forward into 2004.

(b) Development projects in natural resources, economic infrastructure and human resources.