Spending Control Act (S.C. 1992, c. 19)

Marginal note:Statement in Public Accounts

• 6 (1) The Public Accounts for each controlled fiscal year shall contain a statement by the Minister respecting compliance with this Act in that year.

• Marginal note:Information in statement

  (2) The statement in the Public Accounts for a controlled fiscal year shall identify

  • (a) all amounts that are included in the total used for B in the formula set out in section 5 for the year;

  • (b) all amounts certified under subsection 4(1) for the year; and

  • (c) all expenditures of the types described in paragraphs (a) to (h) of the definition “program spending” in section 2.

• Marginal note:Allocation of spending excess

  (3) Where the statement in the Public Accounts for a controlled fiscal year indicates that there is a spending excess for the year, the Minister shall, not later than the time of presentation of the next budget, allocate the excess to the two next following controlled fiscal years in such proportions as the Minister shall determine, and the spending limit of each of the two following years shall be reduced by the portion of the excess so allocated to it.

• Marginal note:Effect of underspending

  (4) Where the statement in the Public Accounts for a controlled fiscal year indicates that the spending limit for the year exceeds the program spending for the year, the Minister may, in any budget for a controlled fiscal year presented after the publication of the Accounts, allocate all or part of the excess, to the extent that it has not been allocated earlier under subsection 3(2) or this subsection, to such of the following controlled fiscal years as the Minister may determine and announce in that budget and, in that event, the spending limit for each of the following years shall be increased by the amount so allocated to it.