(1) The Annual Budget Funding Amount from petroleum revenue shall not be more than seventy percent of the Benchmark Revenue.

(2) The exact percentage of the Benchmark Revenue which shall be allocated annually to be Annual Budget Funding Amount shall be guided by a medium-term development strategy aligned with a long term national development plan, absorptive capacity of the economy and the need for prudent macroeconomic management.

(3) Financial year, the percentage of the Benchmark Revenue allocated for the Annual Budget Funding Amount shall approved by Parliament as part of the national budget.

(4) The spending allocation determined under subsection (1) Shall be reviewed every three years with the first review to occur before the commencement of the 2014 financial year.

(5) The review shall be conducted by the Minister taking into account development needs as well as the absorptive capacity of the economy and cognisant of need to maintain macroeconomic stability.

(6) Any proposed changes following the review shall subject to ratification by a resolution of Parliament supported by the votes not less than two-thirds of the members of the Parliament. 

(7) The Annual Budget Funding Amount may be used as collateral for debts and other liabilities of Government for a period of not more than ten years after the commencement of this Act.