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Paragraph 5 Step three: aggregate non-core spending obligation

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(1)

Finally, the Secretary of State must calculate the aggregate non-core spending obligation for the current year in accordance with sub-paragraph (2).

(2)

The aggregate non-core spending obligation for the current year is T - E where—

  • “T” is the adjusted overall spending target for that year; and

  • “E” is the CGS estimate for that year.