15. Primary expenditure of the Government

The primary expenditure of the Government shall not exceed thirteen per centum of the estimated nominal gross domestic product for the relevant financial year.

The primary expenditure ceiling specified in the medium-term fiscal framework for the upcoming financial year and for the four succeeding financial years expressed as a nominal amount calculated with reference to forecast nominal gross domestic product calculated by the Ministry of the Minister of Finance as the case may be, shall also be consistent with the primary balance target specified in section 14.

The primary expenditure ceiling calculated as per subsection (2) –

The primary expenditure ceiling may be initially reviewed no sooner after five years from the date of coming into operation of this Act, and be reviewed every five years thereafter, and shall be updated to be consistent with the primary balance target and the debt reduction objective.