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News parliamentary consideration / fiscal planning Maldives Impact 7.0/10 2 min read
Government to Submit MVR 5 Billion Supplementary Budget for Parliamentary Consideration

Government to Submit MVR 5 Billion Supplementary Budget for Parliamentary Consideration

The Mohamed Muizzu administration will present a Supplementary Budget of around MVR 5 billion to Parliament to manage expenditure through the end of the year. Minister of Finance Moosa Zameer confirmed that the exact figure will be determined after Cabinet consultations. The approved National Budget for 2024 was MVR 49.8 billion. The Supplementary Budget would cover expenditure shortfalls on some projects. State debt this year is expected lower than forecast due to austerity. Attorney General Ahmed Usham criticized the previous MDP-led administration for passing supplementary budgets unconstitutionally and after expenditure had been undertaken.

The Mohamed Muizzu administration will present a Supplementary Budget of around MVR 5 billion to Parliament to manage expenditure through the end of the year. Minister of Finance Moosa Zameer confirmed that the exact figure will be determined after Cabinet consultations. The approved National Budget for 2024 was MVR 49.8 billion. The Supplementary Budget would cover expenditure shortfalls on some projects. State debt this year is expected lower than forecast due to austerity. Attorney General Ahmed Usham criticized the previous MDP-led administration for passing supplementary budgets unconstitutionally and after expenditure had been undertaken.

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Maldives Republic

Published

Oct 20, 2024

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The Mohamed Muizzu administration will present a Supplementary Budget of around MVR 5 billion to Parliament to manage expenditure through the end of the year. Minister of Finance Moosa Zameer confirmed that the exact figure will be determined after Cabinet consultations. The approved National Budget for 2024 was MVR 49.8 billion. The Supplementary Budget would cover expenditure shortfalls on some projects. State debt this year is expected lower than forecast due to austerity. Attorney General Ahmed Usham criticized the previous MDP-led administration for passing supplementary budgets unconstitutionally and after expenditure had been undertaken.

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