Submission of budget estimates

(1) The Authority shall, on or before the 30th November in each year, prepare and submit to the Minister responsible for Finance, through the Minister, estimates the income receivable and the expenditure to be incurred during the financial year commencing on 1st April then next following. (2) The Authority shall submit such estimates in the form required by the Minister responsible for Finance. (3) All new or special expenditure shall receive the approval of the Minister before being included in the estimates. (4) Except with the approval of the Minister responsible for Finance, given after consultation with the Minister, no further sum shall be expended during any financial year other than as provided in the estimates relating to such financial year.