The 2023 Statement of Fiscal Constraints projects Aasandha spending will reach MVR 2.3 billion by the end of the year, 120 percent above the MVR 1 billion budget allocation. The Ministry of Finance said the 2024 budget includes cost-cutting measures, while price capping and bulk procurement measures have failed to control expenditure.
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Aasandha expenditure will increase to 120 percent over the budgeted amount for 2023, the administration expects.
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While allocation for this year was MVR 1 billion, the 2023 Statement of Fiscal Constraints released by the Ministry of Finance estimates that the state health insurance scheme is projected to cost MVR 2.3 billion by the end of this year.
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the 2023 Statement of Fiscal Constraints released by the Ministry of Finance estimates that the state health insurance scheme is projected to cost MVR 2.3 billion by the end of this year.
Word for word from the report in Maldives Republic. Open the report
When the state budget for this year was prepared, it was expected that bulk procurement of medicines would result in a reduction of MVR 460.7 million.
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More than MVR 730 million was initially allocated for Aasandha this year, an amount that was increased later, in the government proposed supplementary budget by MVR 906.7 million.
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In 2022, the scheme was budgeted at MVR 1.6 billion, which included the traditional supplementary increase.
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However, at the end of last year, total expenditure was still over budget; coming in at a total of MVR 1.8 billion.
Word for word from the report in Maldives Republic. Open the report
the 2023 Statement of Fiscal Constraints released by the Ministry of Finance estimates that the state health insurance scheme is projected to cost MVR 2.3 billion by the end of this year.
Word for word from the report in Maldives Republic. Open the report
