Budget for next fiscal year set at $1.3t

Government has budgeted $1.3t for the upcoming fiscal year 2024 / 2025.

Finance Minister Dr. Nigel Clarke told parliament today, that debts that mature this calendar year are included in the budget.

He said over $400b will cover compensation expenses.

The finance minister added that the government needs to be careful with allocations, so that there are adequate resources for capital expenditure. 


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