Finance Ministry’s Delayed Reports Show Increased Recurrent Expenditure for 2024

The Ministry of Finance released previously withheld Weekly Fiscal Development reports, showing higher recurrent expenditure for 2024. Recurrent expenditure reached 27.2 billion MVR, an increase of 2.1 billion, with wages and pensions at 10.2 billion (up 1.2 billion) and administrative/operating expenses at 16.8 billion (up 1 billion). Capital expenditure remains lower due to suspension of PSIP projects, but expected to spike by year-end.

The Ministry of Finance released previously withheld Weekly Fiscal Development reports, showing higher recurrent expenditure for 2024. Recurrent expenditure reached 27.2 billion MVR, an increase of 2.1 billion, with wages and pensions at 10.2 billion (up 1.2 billion) and administrative/operating expenses at 16.8 billion (up 1 billion). Capital expenditure remains lower due to suspension of PSIP projects, but expected to spike by year-end.

The Ministry of Finance released previously withheld Weekly Fiscal Development reports, showing higher recurrent expenditure for 2024. Recurrent expenditure reached 27.2 billion MVR, an increase of 2.1 billion, with wages and pensions at 10.2 billion (up 1.2 billion) and administrative/operating expenses at 16.8 billion (up 1 billion). Capital expenditure remains lower due to suspension of PSIP projects, but expected to spike by year-end.

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