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(2)
Where any advance is made from the Contingencies Fund, a supplementary estimate
shall be laid before the House, and a bill or motion shall be introduced in that House, as soon
as possible, for the purpose of replacing the amount so advanced.
Power to borrow or lend
204.
(1)
Subject to the provisions of this Constitution, the Government, through the Minister
responsible for finance, may borrow or raise moneys from any reputable source.
(2)
The Minister responsible for finance shall not borrow, guarantee or raise a loan on
behalf of Government or any other public institution, authority or person except as authorised
by or under an Act of Parliament.
(3)
that
An Act of Parliament made under subsection (2) shall provide, among other things,
(a)
the terms and conditions of the loan shall be laid before Parliament
and shall not come into operation unless they have been approved
by a resolution of Parliament; and
(b)
any moneys received in respect of the loan referred to in paragraph
(a) shall be paid into the Consolidated Fund and form part of that
Fund or into some other public fund existing or created for the
purpose of the loan.
(4)
The House may, by resolution, authorise the Government to enter into an agreement
for the giving of a loan or a grant out of any public fund or public account.
(5)
An agreement entered into in terms of subsection (4) shall be laid before the House
and shall not come into operation unless it has been approved by the House by resolution.
(6)
For the purposes of this section, the expression “loan” includes any money lent or
given to or by the Government on condition of return or repayment and any other form of
borrowing or lending in respect of which
(a)
moneys from the Consolidated Fund or any other public fund may be used for
payment or repayment; or
(b)
moneys from any fund by whatever name called, established for the
purposes of payment or repayment whether in whole or in part and whether
directly or indirectly, may be used for payment or repayment.
(7)
Parliament may by law exempt any categories of loans from the provisions of
subsections (2) and (3) subject to such conditions as Parliament may prescribe.
Public debt
205.
(1)
All debt charges for which Swaziland is liable shall be a charge on and paid out of the
Consolidated Fund.
(2)
For the purposes of this section “debt charges” includes interest on that debt, sinking
fund charges, the repayment or amortisation of debt and all expenditure in connection with
the raising of loans on the security of the revenues of Swaziland or the Consolidated Fund
and on the service and redemption of debt thereby created.
The Central Bank
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