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2008 BUDGET MEASURES IMPLEMENTATION [ CAP. 494. 1
2008 BUDGET MEASURES IMPLEMENTATION ACT
To implement various budget measures for the frinancial year 2008 and other administrative measures.
ACT XXXII of 2007.
1st January, 2008
Implementation Act.
January, 2008.
3. For the purpose of this Part, "revenue" has the same meaning as is assigned to it in article 2 of the Financia
l Administration and Audit Act, but does not include proceeds from loans.
(2) For the purpose of raising the aforesaid loan the Minister responsible for finance is hereby authorised to issue stock in Malta und er t he p rov isio ns of t he Local Loans (Registered St ock and Securities) Ordinance on su ch term s and cond ition s as th e said Minister may approve.
Short title.
Coming into force of this Act.
Interpretation. Cap. 174.
Authority to raise loan.
Cap. 161.
(a) meeting excess expenditure over revenue incurred in the Consolidated Fund for year 2008 and/or subsequent years;
(b) redeeming registered stocks which are due for redemption during 2008; and
(c) effecting portfolio changes in relation to amounts raised through Treasury Bills, amounts raised through Government Stocks,
and in respect of loans raised outside Malta as and when required in line with Government’s debt management policies.
Purpose.
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URL: http://www.worldlii.org/mt/legis/laws/2008bmia494c445