Regulatory Alerts2025-01-21
Proposed Estimates 2023-24
The Non-Bank Financial Institutions Regulatory Authority issued its proposed budget estimates for 2023/24, establishing projected total revenue of 111,313,370 driven by supervisory levies and government grants. The authority allocates 112,134,317 toward operating expenses, predominantly covering staff costs, consultancy fees, and administrative expenditures. This expenditure framework results in an operating deficit of 820,947 that is fully offset by finance income to produce a net surplus of 28,671.
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