(1) Subject to this section and sections 44, 45, and 46 the Minister may, by an advance warrant, authorize the Accountant General to make disbursements of monies forming part of the Consolidated Fund or of other public monies for the purpose of making advances —
(a) on behalf of, and recoverable from, other Governments and organisations;
(b) to, or on account of, trusts and other funds administered by the Government;
(c) to, or on behalf of, public bodies and institutions where those advances are, in the opinion of the Minister, in the public interest and are recoverable within a period not exceeding 12 months after the close of the financial year in which those advances are made;
(d) to public officers for any purpose and on terms as may be determined; or
(e) for the purpose of expenditure authorized by an enactment which permits the raising of loans in anticipation of raising a loan.
(2) The total of the sums issued and disbursed for the purpose of making advances under subsection (1)I and (d) shall not exceed in the aggregate at any time, after deducting repayments, 2% of the recurrent revenue for the previous financial year.