2024 Project Spending Down, Expenditure on Salaries Up Compared to Same Period in 2023
The Ministry of Finance's Weekly Fiscal Report shows a significant drop in project spending compared to the same period in 2023, with MVR 1.84 billion allocated this year versus MVR 4.5 billion last year. Expenditure on salaries increased by MVR 440.9 million. State revenue rose to MVR 13.2 billion from MVR 12.7 billion. Key sectors like health, education, environmental protection, water and sewerage, and transport saw reduced spending. The report covers state expenditure up to 16 May 2024.
The Ministry of Finance's Weekly Fiscal Report shows a significant drop in project spending compared to the same period in 2023, with MVR 1.84 billion allocated this year versus MVR 4.5 billion last year. Expenditure on salaries increased by MVR 440.9 million. State revenue rose to MVR 13.2 billion from MVR 12.7 billion. Key sectors like health, education, environmental protection, water and sewerage, and transport saw reduced spending. The report covers state expenditure up to 16 May 2024.
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The Ministry of Finance's Weekly Fiscal Report shows a significant drop in project spending compared to the same period in 2023, with MVR 1.84 billion allocated this year versus MVR 4.5 billion last year. Expenditure on salaries increased by MVR 440.9 million. State revenue rose to MVR 13.2 billion from MVR 12.7 billion. Key sectors like health, education, environmental protection, water and sewerage, and transport saw reduced spending. The report covers state expenditure up to 16 May 2024.
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Focus: 2024 Project Spending Down, Expenditure on Salaries Up Compared to Same Period in 2023
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