National Budget for 2024 Does Not Align With Stated Fiscal Policy: Audit Office

The Auditor General's Office of Maldives has criticized the 2024 National Budget for not reflecting the government's fiscal strategy. Measures proposed in the fiscal strategy, such as protecting lakes and wetlands for carbon credit sales and dividend payouts from the Gaafaru integrated tourism project, are not included in the budget. The Audit Office also noted that proposed changes to Aasandha, the state health insurance program, are absent. The budget expects to reduce Aasandha expenditure by MVR 492.9 million without detailing the policy. The Audit Office recommends a checklist to implement and monitor past unimplemented measures.

The Auditor General's Office of Maldives has criticized the 2024 National Budget for not reflecting the government's fiscal strategy. Measures proposed in the fiscal strategy, such as protecting lakes and wetlands for carbon credit sales and dividend payouts from the Gaafaru integrated tourism project, are not included in the budget. The Audit Office also noted that proposed changes to Aasandha, the state health insurance program, are absent. The budget expects to reduce Aasandha expenditure by MVR 492.9 million without detailing the policy. The Audit Office recommends a checklist to implement and monitor past unimplemented measures.

The Auditor General's Office of Maldives has criticized the 2024 National Budget for not reflecting the government's fiscal strategy. Measures proposed in the fiscal strategy, such as protecting lakes and wetlands for carbon credit sales and dividend payouts from the Gaafaru integrated tourism project, are not included in the budget. The Audit Office also noted that proposed changes to Aasandha, the state health insurance program, are absent. The budget expects to reduce Aasandha expenditure by MVR 492.9 million without detailing the policy. The Audit Office recommends a checklist to implement and monitor past unimplemented measures.

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