Without prejudice to the operation of section 43, -

(a) where the aggregate of election expenses incurred or deemed to have been incurred by the national agent of a political party exceed the relevant amount calculated in accordance with section 32 or 42, as the case may be, or an order made under section 33(1) the Minister for Public Expenditure and Reform shall, on the recommendation of the Public Offices Commission, deduct an amount equal to such excess from any amount which may be payable or become payable to the party under Part III;