Supply Bill - February, 2025
Royal Decree-Law No. VIII-2025-01
On the Provision of Funds from the Privy Purse to the Secretariat of the Exchequer
Issued under the Authority of Her Majesty Marie-Adélina the First, Sovereign of the Kingdom of the Navassa
WHEREAS, Articles 36 through 40 of the Constitution of the Kingdom of Navassa vest in The Sovereign the authority to manage, direct, and dispose of the economic and financial resources of The Crown, inclusive of The Crown’s property and the Privy Purse;
WHEREAS, Article 36 establishes that The Crown’s property is under the exclusive exercise of The Sovereign and is both inalienable and imprescriptible;
WHEREAS, Article 37 entrusts The Sovereign with the responsibility to manage and direct The Crown’s economic and financial policy;
WHEREAS, Article 38 requires that an annual Budget be proposed to manage The Crown’s financial resources and reflect Navassa’s economic and financial policies, and Article 39 calls for said Budget to be reviewed and promulgated by Royal Decree-Law;
WHEREAS, Article 40 provides that any revenue surplus over expenditure, after the Budget’s implementation and the year-end closing of accounts, may be credited to the Treasury of the Exchequer or made available from the Privy Purse, and that shortfalls may likewise be covered through the Privy Purse with appropriate legal measures in place;
WHEREAS, the Secretariat of the Exchequer requires supplemental financial resources to support its mandated functions for the current fiscal cycle, and these resources are available from The Sovereign’s Privy Purse without imposing undue burden on The Crown’s finances;
THEREFORE, by the authority vested in me as the Sovereign of the Kingdom of Navassa, and in accordance with Articles 36 to 40 of the Constitution, I do hereby decree and promulgate:
Article 1: Grant of Funds
A sum of N£6,577, drawn from the Privy Purse of The Sovereign, is hereby allocated and granted to the Secretariat of the Exchequer for its operational expenses, policy implementation needs, and fulfillment of its duties as prescribed by law and custom.
Article 2: Purpose and Management
The allocated funds shall be utilized in accordance with the current Budget as previously reviewed and authorized by The Sovereign. Expenditure shall adhere to all relevant regulations, oversight mechanisms, and financial controls established by The Crown and The Secretariat of the Exchequer.
Article 3: Accountability and Reporting
The Secretariat of the Exchequer shall maintain transparent accounts, ensuring a full record of how the allocated funds are used. It shall present an end-of-year financial statement and such interim reports as The Sovereign or their appointed representatives may require, in conformity with Article 29, ensuring surplus or deficit management aligns with Constitutional provisions.
Article 4: Effective Date
This Decree-Law shall take immediate effect upon issuance and shall remain valid for the current fiscal period, subject to annual review or amendment as The Sovereign may deem necessary.
