Maldives Approves Record MVR 49.8 Billion Budget for 2024

The Maldivian Parliament passed a record MVR 49.8 billion budget for 2024, with 68 votes in favour. The Budget Committee diverted funds from the Fushidhiggaru Lagoon project to housing and PSIP. A proposed amendment to increase judiciary salaries by MVR 50 million was withdrawn. The budget deficit is MVR 13.8 billion, to be funded through debt, foreign support, and a bond sale.

The Maldivian Parliament passed a record MVR 49.8 billion budget for 2024, with 68 votes in favour. The Budget Committee diverted funds from the Fushidhiggaru Lagoon project to housing and PSIP. A proposed amendment to increase judiciary salaries by MVR 50 million was withdrawn. The budget deficit is MVR 13.8 billion, to be funded through debt, foreign support, and a bond sale.

The Maldivian Parliament passed a record MVR 49.8 billion budget for 2024, with 68 votes in favour. The Budget Committee diverted funds from the Fushidhiggaru Lagoon project to housing and PSIP. A proposed amendment to increase judiciary salaries by MVR 50 million was withdrawn. The budget deficit is MVR 13.8 billion, to be funded through debt, foreign support, and a bond sale.

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