MVR 2.5 billion allocated for new projects over next three years

The Government allocated MVR 2.5 billion for new projects to be implemented between 2027 and 2029, according to a Ministry of Finance circular. MVR 2 billion is earmarked for infrastructure development, and MVR 500 million for other initiatives. The medium-term budget will be based on government manifesto commitments and presidential pledges. State institutions must submit proposals by August 18. The budget will pilot Gender Equality and Social Inclusion budgeting and require climate-responsive budgeting for climate-related projects.

The Government allocated MVR 2.5 billion for new projects to be implemented between 2027 and 2029, according to a Ministry of Finance circular. MVR 2 billion is earmarked for infrastructure development, and MVR 500 million for other initiatives. The medium-term budget will be based on government manifesto commitments and presidential pledges. State institutions must submit proposals by August 18. The budget will pilot Gender Equality and Social Inclusion budgeting and require climate-responsive budgeting for climate-related projects.

The Government allocated MVR 2.5 billion for new projects to be implemented between 2027 and 2029, according to a Ministry of Finance circular. MVR 2 billion is earmarked for infrastructure development, and MVR 500 million for other initiatives. The medium-term budget will be based on government manifesto commitments and presidential pledges. State institutions must submit proposals by August 18. The budget will pilot Gender Equality and Social Inclusion budgeting and require climate-responsive budgeting for climate-related projects.

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