Economy economy / finance Maldives Impact 9.0/10 1 min read

Parliament approves MVR 49.8 bln budget for 2024

The Maldives Parliament approved a budget of MVR 49.8 billion for 2024, up from the Finance Ministry's original proposal of MVR 49.5 billion. The Budget Committee added MVR 0.3 billion, increasing the Public Sector Investment Program (PSIP) allocation from MVR 8.6 billion to MVR 8.9 billion. MVR 400 million originally designated for President Muizzu's Fushidhiggaru dredging project was reallocated to other projects. The budget was unanimously passed with 68 votes.

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Dec 14, 2023

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The Maldives Parliament approved a budget of MVR 49.8 billion for 2024, up from the Finance Ministry's original proposal of MVR 49.5 billion. The Budget Committee added MVR 0.3 billion, increasing the Public Sector Investment Program (PSIP) allocation from MVR 8.6 billion to MVR 8.9 billion. MVR 400 million originally designated for President Muizzu's Fushidhiggaru dredging project was reallocated to other projects. The budget was unanimously passed with 68 votes.

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