Section 67, The Public Financial Management Act, 2016

(1) Pursuant to subsection (3) of section 118 of the Constitution, no borrowing may be made on behalf of the State otherwise than by or under the authority of an Act of Parliament. (2) Pursuant to subsection (1) of section 2 of the Public Debt Management Act, 2011, the Minister shall have the sole authority to borrow money to be paid into the Consolidated Fund.