Estimates laid in Parliament

Government’s Budget, setting out the Estimates of Expenditure and Revenue for the financial year 2023-2024 has been laid in Parliament.

A projected forecast for the current financial year 2022-2023 has also been laid.

These will form the basis of the Parliamentary Debate to start from February 20 on the Appropriation Bill.

On the cash basis, current revenue of 3,236.9 million dollars is expected, of which 3,047 million dollars is tax revenue and 189.9 million dollars is non-tax revenue and grant income.

Total expenditure is projected to be 3,504.9 million dollars, of which 3,033.7 million dollars is current expenditure, exclusive of amortization, and $471.2 million is capital expenditure.

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