Parliament Rejects ‘Incomplete’ Supplementary Budget, Requests Resubmission

Parliament rejected the government's MVR 6.5 billion supplementary budget, citing lack of details required by the Public Finance Act. The budget was submitted twice without the necessary information. Speaker Mohamed Nasheed sent a formal letter to the Finance Ministry requesting compliance. The Democrats' parliamentary group leader Ali Azim had warned the budget was not prepared according to the law. The budget aimed to increase spending: MVR 1.8 billion for subsidies, MVR 1.2 billion for health insurance, and MVR 1.7 billion for Public Sector Investment Projects.

Parliament rejected the government's MVR 6.5 billion supplementary budget, citing lack of details required by the Public Finance Act. The budget was submitted twice without the necessary information. Speaker Mohamed Nasheed sent a formal letter to the Finance Ministry requesting compliance. The Democrats' parliamentary group leader Ali Azim had warned the budget was not prepared according to the law. The budget aimed to increase spending: MVR 1.8 billion for subsidies, MVR 1.2 billion for health insurance, and MVR 1.7 billion for Public Sector Investment Projects.

Parliament rejected the government's MVR 6.5 billion supplementary budget, citing lack of details required by the Public Finance Act. The budget was submitted twice without the necessary information. Speaker Mohamed Nasheed sent a formal letter to the Finance Ministry requesting compliance. The Democrats' parliamentary group leader Ali Azim had warned the budget was not prepared according to the law. The budget aimed to increase spending: MVR 1.8 billion for subsidies, MVR 1.2 billion for health insurance, and MVR 1.7 billion for Public Sector Investment Projects.

This story involves 1 source and may affect public understanding of resubmission / supplementary budget.