Economy budget / government Maldives Impact 8.0/10 3 min read

Government Proposes MVR 5.1 Billion Supplementary Budget

The Ministry of Finance submitted a MVR 5.1 billion supplementary budget to Parliament on October 24, 2024. Finance Minister Moosa Zameer presented it, citing the need to cover expenses neglected by the previous administration under President Solih. Major allocations include MVR 2 billion for PSIP, MVR 1.02 billion for subsidies, and MVR 458.4 million for student loans. The original 2024 budget was MVR 49.8 billion; with the supplement, total spending is projected at MVR 55 billion. Additional revenue of MVR 640 million is expected.

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Maldives Republic

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Oct 24, 2024

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📋 Story Brief

The Ministry of Finance submitted a MVR 5.1 billion supplementary budget to Parliament on October 24, 2024. Finance Minister Moosa Zameer presented it, citing the need to cover expenses neglected by the previous administration under President Solih. Major allocations include MVR 2 billion for PSIP, MVR 1.02 billion for subsidies, and MVR 458.4 million for student loans. The original 2024 budget was MVR 49.8 billion; with the supplement, total spending is projected at MVR 55 billion. Additional revenue of MVR 640 million is expected.

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Maldives Republic

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