Cap. 601 Art. 30Borrowing of moneys.

Except as may be specifically provided by any law and subject to the provisions of this article, it shall not be lawful for the Government to borrow, nor for any bank or other person to lend to the Government, any moneys, and every engagement for the repayment of any such loan shall be absolutely null and void:

Provided that the Minister may authorise a fluctuating overdraft on the Public Account as and when required, and in such case:

(a) the repayment of any such overdraft shall be made before the close of the financial year in which such overdraft was incurred; and

(b) a statement of the position of such overdraft on the last day of each quarter shall, as soon as possible thereafter, be laid on the Table of the House.