← belizelaw.ai · Social Security (Financial And Accounting) Regulations, Cap. 44s09 · PART V — Accounts

Cash working balance

Social Security (Financial And Accounting) Regulations, reg. 19 · Revised Edition 2020

In addition to the Reserves constituted under Regulation 16, a cash working balance shall be established and maintained to meet the current expenditure (including administrative expenses) incurred in the operation of the Act as a whole. The amount of the said balance shall be fixed at two months average expenditure calculated over the preceding three financial years.
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