Para 2.2.20 — MSO

2.2.20 A Grant or Appropriation is intended to cover all the charges, including the liabilities of past years to be paid during the financial year or to be adjusted in the accounts of that year. It is operative until the close of that year. Any unspent balance lapses and is not available for utilisation in the following year.

Note: The expenditure recorded against a Grant or Appropriation should ordinarily represent sums actually paid within the financial year. However, various special arrangements are in operation in terms of which expenditure actually incurred in the previous years is recorded against a Grant or Appropriation of the current year. In general, these arrangements are at variance from the strict constitutional theory of parliamentary financial control.