அதிகாரப்பூர்வ மொழிபெயர்ப்புDepartment of Government Printing-இலிருந்து, மாற்றமின்றி
(1)
The primary expenditure of the Government shall not exceed thirteen per centum of the estimated nominal gross domestic product for the relevant financial year.
(2)
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.
(3)
The primary expenditure ceiling calculated as per subsection (2) –
(a)
for the upcoming financial year shall be binding for the annual budget for the upcoming financial year at the time of its submission, approval, and execution;
(b)
for the four succeeding financial years shall be updated on an annual basis to reflect the latest estimates for nominal gross domestic product for the relevant financial years and to ensure ongoing consistency with the primary balance target specified in section 14.
(4)
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.