(a)
the expenditure is authorised by an Appropriation Act;
(b)
the expenditure is necessary to carry on the services of the
Government in respect of any period, not exceeding four
months, beginning at the commencement of a financial year
during which the Appropriation Act for that financial year is not
in force;
(c)
the expenditure has been proposed in a supplementary estimate
approved by the National Assembly;
(d)
provision does not exist for the expenditure and the President
considers that there is such an urgent need to incur the
expenditure that it would not be in the public interest to delay the
authorisation of the expenditure until such time as a
supplementary estimate can be laid before and approved by the
National Assembly; or
(e)
the expenditure is incurred on capital projects continuing from
the previous financial year and is so incurred before
commencement of the Appropriation Act for the current
financial year.
(3) The President shall, immediately after he signs any warrant
authorising expenditure from the general revenues of the Republic,
cause a copy of the warrant to be transmitted to the Auditor-General.
(4) The issue of warrants under paragraph (d) of clause (2), the
investment of moneys forming part of the general revenues of the
Republic and the making of advances from such revenues shall be
subject to such limitations and conditions as Parliament may prescribe.
(5) For the purposes of this Article the investment of moneys forming
part of the general revenues of the Republic or the making of
recoverable advances therefrom shall not be regarded as expenditure,
and the expression "investment of moneys" means investment in readily
marketable securities and deposits with a financial institution approved
by the Minister responsible for finance.