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Chapter Twelve - Public Finance
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Chapter Twelve - Part 3. Revenue-raising powers and the public debt
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Chapter Twelve - Part 3. Revenue-raising powers and the public debt | Constitution
The taxation and other revenue-raising powers of a county shall not be exercised in a way that prejudices national economic policies…
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If legislation permits the waiver of any tax or licensing fee a public record of each waiver shall be maintained together with the…
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Parliament may, by legislation prescribe the terms on which the national government may borrow and impose reporting requirements.
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A county government may borrow only if the national government guarantees the loan and with the approval of the county government…
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An Act of Parliament shall prescribe terms and conditions under which the national government may guarantee loans. Within two months…
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The public debt is a charge on the Consolidated Fund. For the purposes of this Article, “the public debt” means all…
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