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Public debt.
157. (1) All debt charges for which Saint Vincent and the
Grenadines is liable shall be a charge on the Consolidated Fund.
(2) For the purposes of this section, debt charges include
interest, sinking fund charges, the repayment or amortization of debt and
all expenditure in connection with the raising of loans on the security of
the Consolidated Fund and the services and redemption of the debt
created thereby.
158. (1) The Public Accounts Committee of the National Assembly
established by section 85 of this Constitution shall consider the
accounts referred to in section 228 of this Constitution in conjunction
with the report of the Auditor General and in particular shall report to the
Assembly –
(a)
in the case of any excess or unauthorised
expenditure of public funds, the reasons for such
expenditure; and
any measures it considers necessary in order to
ensure that public funds are properly spent.
Functions
of Public
Accounts
Committee.
(b)
(2) The Public Accounts Committee shall perform such
other functions relating to public accounts as Parliament may from time
to time enact.
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