(1) There is hereby established an account to be known as the “Development Programme Account” to which all revenues specifically allocated together with grants and loans received for financing the development programme and out of which shall be made payments in respect of the development programme.
(2) The disbursement of money provided in any financial year to meet expenditure on development programmes shall be controlled and accounted for by the Accountant General.
(3) In this section the expression “development programme” means investments made by the Government, the expense of which is charged on or payable from revenues specifically allocated thereto, or grants and loans raised specifically for that purpose.