Public Finance Data and Analysis
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The Appropriation Bill for 2023 was presented to Parliament on the 18th of October, ahead of the budget speech in November.
The Appropriation Bill shows that there is a 26% increase in expenditure planned for 2023, while a 68% revenue increase (i.e., 3 ppt increase in revenue) is required to meet the primary deficit target of 0.7% for 2023.
Interest payments remain more than one-third of total spending in 2023, reflecting an increase of 55% from 2022.
