Central Fund Bill, 1957

Public bill · Government · Introduced

The Central Fund Bill, 1957 would authorise government spending from the State’s main account: £1.01 million for the year ending 31 March 1957 and £37.3 million for the following year. It would also allow the Minister for Finance to borrow up to £38.31 million, including through the Bank of Ireland, to provide the money needed for public services. Any loans, interest and related costs would be charged to the Central Fund, while the money raised would be available for government expenditure. The measure matters because it provides the legal authority and borrowing capacity needed to fund the State’s approved spending for these two financial years.

Last updated 10 June 2020