அதிகாரப்பூர்வ மொழிபெயர்ப்புDepartment of Government Printing-இலிருந்து, மாற்றமின்றி
(1)
Transfer of an allocation within a Head of
Expenditure in annual Appropriation Act shall be in compliance with the provisions in such Appropriation Act, subject to the provisions of subsections (2), (3) and (4) of this section (hereinafter referred to as the “Virement
Procedure”).
(2)
Transfer of unexpended budget allocation shall not be allowed –
(a)
from one Head of Expenditure to another Head of
Expenditure; or
(b)
from capital expenditure to recurrent expenditure.
(3)
Restrictions on the use of virement procedure in addition to those specified in subsection (2) shall as may be prescribed.
(4)
The transfer of allocation using the virement procedure, if any, effected by all budgetary entities shall be reported to the Parliament within six months from the date of the said transfer by the Minister of Finance. Procedures of such reporting shall as may be prescribed.