Article (34) The Budget

(a) The Central Bank shall have an independent budget and shall keep audited accounts for each financial year.
(b) The Governor shall prepare a budget for each financial year and submit it to the Board for approval prior to the commencement of the financial year.
(c) The Board shall approve the budget before the commencement of the new financial year. If the approval of the budget is delayed beyond the commencement of the financial year, the Central Bank shall operate within the previous year's budget until the new budget has been approved.