Interpretation

(1) In these Regulations, unless the context otherwise CAP. 15. “Act” means the Finance and Audit (Reform) Act; “Budget” means the Estimates of Revenue and Expenditure for a fiscal year presented to the House of Representatives by the Minister of Finance; “fiscal year” means the period of twelve months commencing from 1st April of one year and ending on the 31st March of the following year, both days inclusive, or such other dates as may be prescribed by the National Assembly; 164 Finance and Audit (Reform) “Government” means the Government of Belize; “Minister” means the Minister of Finance; “National Assembly” means the House of Representatives and the Senate of Belize; “public statutory bodies” include the Belize Tourism Board, the Central Bank of Belize, the Social Security Board, the Belize Agricultural Health Authority, the Protected Areas Conservation Trust, the Statistical Institute of Belize, the Karl Heusner Memorial Hospital, the Belize Airport Authority, the Belize Port Authority, the Belize Trade and Investment Development Service, the University of Belize, the Belize Marketing and Development Corporation, the Development Finance Corporation, the National Library Service, the National Institute of Culture and History, the Pesticides Control Board, and any other body designated from time to time by the Minister by Regulations. (2) Other terms and expressions used but not defined herein shall have the meanings respectively assigned to them in the Act. PART 1 Principles of Fiscal Management