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News Parliament Budget Committee / MVR 6.5 billion Maldives Impact 6.0/10 2 min read
Parliament Budget Committee Greenlights MVR 6.5 Billion Supplementary Budget

Parliament Budget Committee Greenlights MVR 6.5 Billion Supplementary Budget

The Parliament Budget Committee approved MVR 6.5 billion supplementary budget for 2023. It includes MVR 3.1 billion for recurrent, MVR 3.3 billion for capital expenditure, additional MVR 1.8 billion for subsidies, MVR 1.2 billion for Aasandha health insurance, MVR 1.7 billion for PSIPs, and MVR 6.5 million for media support as per President-elect Muizzu's pledge. Proposed by Maradhoo MP Ibrahim Shareef and supported by Eydhafushi MP Ahmed Saleem. Total budget for 2023 would be MVR 49.3 billion if approved by parliament.

The Parliament Budget Committee approved MVR 6.5 billion supplementary budget for 2023. It includes MVR 3.1 billion for recurrent, MVR 3.3 billion for capital expenditure, additional MVR 1.8 billion for subsidies, MVR 1.2 billion for Aasandha health insurance, MVR 1.7 billion for PSIPs, and MVR 6.5 million for media support as per President-elect Muizzu's pledge. Proposed by Maradhoo MP Ibrahim Shareef and supported by Eydhafushi MP Ahmed Saleem. Total budget for 2023 would be MVR 49.3 billion if approved by parliament.

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Maldives Republic

Published

Nov 16, 2023

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The Parliament Budget Committee approved MVR 6.5 billion supplementary budget for 2023. It includes MVR 3.1 billion for recurrent, MVR 3.3 billion for capital expenditure, additional MVR 1.8 billion for subsidies, MVR 1.2 billion for Aasandha health insurance, MVR 1.7 billion for PSIPs, and MVR 6.5 million for media support as per President-elect Muizzu's pledge. Proposed by Maradhoo MP Ibrahim Shareef and supported by Eydhafushi MP Ahmed Saleem. Total budget for 2023 would be MVR 49.3 billion if approved by parliament.

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