Parliament approves MVR 5.1 bln supplementary budget

Parliament approved an MVR 5.1 billion supplementary budget, presented by Finance Minister Moosa Zameer. The budget passed with 75 votes in favor and 11 against. Allocations include MVR 2 billion for PSIP, MVR 1 billion for subsidies, MVR 650 million contingency, MVR 458 million student loans, MVR 441 million for government-owned companies, MVR 263 million for NSPA, MVR 200 million for medical consumables, and MVR 24 million for salaries. The total budget for the year rises to MVR 55 billion, with the deficit increasing from MVR 16.3 billion to MVR 18.4 billion. Projected revenue is MVR 36.4 billion, recurrent expenditure MVR 36.3 billion, capital expenditure MVR 19 billion, and total financing MVR 19 billion.

Parliament approved an MVR 5.1 billion supplementary budget, presented by Finance Minister Moosa Zameer. The budget passed with 75 votes in favor and 11 against. Allocations include MVR 2 billion for PSIP, MVR 1 billion for subsidies, MVR 650 million contingency, MVR 458 million student loans, MVR 441 million for government-owned companies, MVR 263 million for NSPA, MVR 200 million for medical consumables, and MVR 24 million for salaries. The total budget for the year rises to MVR 55 billion, with the deficit increasing from MVR 16.3 billion to MVR 18.4 billion. Projected revenue is MVR 36.4 billion, recurrent expenditure MVR 36.3 billion, capital expenditure MVR 19 billion, and total financing MVR 19 billion.

Parliament approved an MVR 5.1 billion supplementary budget, presented by Finance Minister Moosa Zameer. The budget passed with 75 votes in favor and 11 against. Allocations include MVR 2 billion for PSIP, MVR 1 billion for subsidies, MVR 650 million contingency, MVR 458 million student loans, MVR 441 million for government-owned companies, MVR 263 million for NSPA, MVR 200 million for medical consumables, and MVR 24 million for salaries. The total budget for the year rises to MVR 55 billion, with the deficit increasing from MVR 16.3 billion to MVR 18.4 billion. Projected revenue is MVR 36.4 billion, recurrent expenditure MVR 36.3 billion, capital expenditure MVR 19 billion, and total financing MVR 19 billion.

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