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BUDGET MEASURES IMPLEMENTATION (2010) [ CAP. 501. 1
BUDGET MEASURES
IMPLEMENTATION (2010) ACT
To implement various budget measures and other administrative measures.
ACT I of 2010.
1st January, 2010
Implementation (2010) Act.
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 under the prov isions o f t he Local Loans (Registered St ock and Securities) Ordi nance on such t er ms and condition s as the said Minister may approve.
Short title.
Coming into force of this Part.
Interpretation. Cap. 174.
Authority to raise loan.
Cap. 161.
(a) meeting excess expenditure over revenue incurred in the Consolidated Fund for year 2010 and, or subsequent years;
(b) redeeming registered stocks which are due for redemption during 2010; 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/bmi2010a501c445