Finance Minister Dr. Nigel Clarke
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Dr. Nigel Clarke
By Prince Moore
The government is seeking to spend an additional $24.5 billion this financial year.
This will increase the planned expenditure for the national budget to $998.2 billion, with two months to go before the end of the current fiscal year.
Finance Minister Dr. Nigel Clarke tabled the third supplementary estimates for the 2022-23 financial year in the House of Representatives on Tuesday afternoon.
He said the additional expenditure is primarily to facilitate payments under the compensation restructure for public sector workers, which accounts for $23.7 billion of the supplementary amount.
Dr. Clarke told the House the additional expenditure is being financed by projected increases in revenue.
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