Section 70, The Public Financial Management Act, 2016

(1) No public money shall be advanced from the Consolidated Fund unless it is authorized under this section. (2) Prior-approval of the Minister shall be obtained to make an advance payment from the Consolidated Fund. Borrowing on behalf of the State. Guarantees. Money paid under guarantees. Monthly and quarterly statements of the Consolidated Fund and central government Advances fr om (3) The Minister may approve an advance payment under subsection (2) on such terms and conditions as he deems appropriate, only when in his opinion, the advance payment is able to be repaid or regularized within the same financial year through delivery of goods, services, or works or deduction from a subsequent payment to the person receiving the advance payment or otherwise. (4) The Minister may charge on an advance made under subsection (3) such interest as he deems appropriate.