Finance Ministry submits MVR 56.6 bln budget for 2025

The Finance Ministry submitted a proposed budget of MVR 56.6 billion to Parliament for 2025. Finance Minister Moosa Zameer stated that MVR 49.2 billion would be spent on expenditure: MVR 35.9 billion recurrent, MVR 13.3 billion capital, and MVR 3.9 billion for national debt repayment. MVR 378 million is allocated for capital investments in government companies, and MVR 3.2 billion for loans, including MVR 1 billion for housing loans at 5% interest. Expected revenue and grants are MVR 39.8 billion, leading to a deficit of MVR 9.4 billion.

The Finance Ministry submitted a proposed budget of MVR 56.6 billion to Parliament for 2025. Finance Minister Moosa Zameer stated that MVR 49.2 billion would be spent on expenditure: MVR 35.9 billion recurrent, MVR 13.3 billion capital, and MVR 3.9 billion for national debt repayment. MVR 378 million is allocated for capital investments in government companies, and MVR 3.2 billion for loans, including MVR 1 billion for housing loans at 5% interest. Expected revenue and grants are MVR 39.8 billion, leading to a deficit of MVR 9.4 billion.

The Finance Ministry submitted a proposed budget of MVR 56.6 billion to Parliament for 2025. Finance Minister Moosa Zameer stated that MVR 49.2 billion would be spent on expenditure: MVR 35.9 billion recurrent, MVR 13.3 billion capital, and MVR 3.9 billion for national debt repayment. MVR 378 million is allocated for capital investments in government companies, and MVR 3.2 billion for loans, including MVR 1 billion for housing loans at 5% interest. Expected revenue and grants are MVR 39.8 billion, leading to a deficit of MVR 9.4 billion.

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