republic of vanuatu
Public Finance And Economic Management (Amendment)
Act No. 36 Of 2018
Arrangement of Sections
1	Amendment
2	Commencement

republic of vanuatu
Assent:		24/12/2018
Commencement:		31/12/2018
Public Finance and Economic Management (Amendment)
Act No. 36 Of 2018
An Act to amend the Public Finance and Economic Management Act [CAP 244].
Be it enacted by the President and Parliament as follows-
1	Amendment
The Public Finance and Economic Management Act [CAP 244] is amended as set out in the Schedule.
2	Commencement
This Act is taken to have commenced on 1 January 2018.

SCHEDULE
AMENDMENTS OF Public Finance and Economic Management Act [CAP 244]
1	Subsection 2(1)(Definition of “financial emergency”)
After “;”, insert “or
(c)	a situation where the Government’s financial capacity is unable to meet the cost of its employee’s welfare;” 
2	After section 34C
Insert
“34D	DRAWING OF ADDITIONAL AMOUNTS FROM THE PUBLIC FUND FOR FINANCIAL EMERGENCY
Despite section 34, additional funds may be drawn down from the Public Fund if:
(c) 	there is no appropriation, or an insufficient appropriation, for alleviating the financial emergency; and 
(d) 	a Supplementary Appropriation Act cannot be passed by the Parliament within a reasonable time so as to make funds available for alleviating the financial emergency.”