s.9Appropriations
9
Section 9Part 2 — Cayman Islands Parliament - Appropriation

Appropriations

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9. (1) All appropriations granted by the Cayman Islands Parliament shall be granted on an accrual accounting basis.
Except as provided in section 10, the Cayman Islands Parliament may grant appropriations only to the Cabinet. Public Management and Finance Act (2026 Revision) Section 10 c Revised as at 31st December, 2025 Page 15
Appropriations may be granted only in respect of —
the executive expense which may be incurred for each output group to be purchased by the Cabinet from ministries, portfolios, the Office of the Ombudsman, the Audit Office, statutory authorities, government companies or non-governmental output suppliers;
the executive expense which may be incurred for each category of transfer payment to be made by the Cabinet;
each category of executive expense relating to borrowings or loans which may be authorised by the Cabinet;
each category of any other executive expenses which may be authorised by the Cabinet;
the amount of each equity investment which may be authorised by the Cabinet;
the capital cost of each acquisition or creation of executive assets (other than equity investments) which may be authorised by the Cabinet;
the amount of each category of loan which may be authorised by the Cabinet; and
the amount which may be borrowed by the Minister of Finance.
An amount appropriated in respect of an output group, category, equity investment or executive asset referred to in subsection (3) may be used only for that output group, category, equity investment or executive asset.
Except to the extent otherwise provided by a law, an appropriation lapses at the end of the budget period to which the law by which the appropriation is granted relates.

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