Two-month deadline to propose projects for next three years with a MVR 2.5M budget cap

The Maldivian government has directed ministries and institutions to propose projects for the 2027-2029 medium-term budget within a two-month deadline, with a MVR 2.5 billion cap. Finance Minister Hassan Zareer signed a circular initiating the budget preparation phase, requiring proposals to align with President Muizzu's manifesto and development agenda. Institutions must also identify revenue-increasing opportunities and policy reforms. The government seeks a climate-resilient budgeting framework, asking projects to indicate climate change links. Proposals must be submitted via the Bandeyri Portal by August 18. The process occurs amid public scrutiny over slow major projects and substantial debt obligations.

The Maldivian government has directed ministries and institutions to propose projects for the 2027-2029 medium-term budget within a two-month deadline, with a MVR 2.5 billion cap. Finance Minister Hassan Zareer signed a circular initiating the budget preparation phase, requiring proposals to align with President Muizzu's manifesto and development agenda. Institutions must also identify revenue-increasing opportunities and policy reforms. The government seeks a climate-resilient budgeting framework, asking projects to indicate climate change links. Proposals must be submitted via the Bandeyri Portal by August 18. The process occurs amid public scrutiny over slow major projects and substantial debt obligations.

The Maldivian government has directed ministries and institutions to propose projects for the 2027-2029 medium-term budget within a two-month deadline, with a MVR 2.5 billion cap. Finance Minister Hassan Zareer signed a circular initiating the budget preparation phase, requiring proposals to align with President Muizzu's manifesto and development agenda. Institutions must also identify revenue-increasing opportunities and policy reforms. The government seeks a climate-resilient budgeting framework, asking projects to indicate climate change links. Proposals must be submitted via the Bandeyri Portal by August 18. The process occurs amid public scrutiny over slow major projects and substantial debt obligations.

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