Parliament and President-Elect Set Budget Priorities for Next Year

The Parliament and the incoming administration under President-elect Dr Mohamed Muizzu have set budget parameters for the upcoming year, with the national budget capped at MVR 49 billion. The Parliament's General Purpose Committee also approved MVR 196.2 million for parliamentary secretaries in 2024, alongside allowance and policy allocations.

First reported 25 Oct 2023, 01:47

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Parliament and President-Elect Set Budget Priorities for Next Year

MVR 49 billion National budget cap for next year

25 Oct 2023, 01:47 First Open at outlet

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Figures in these reports

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MVR 49 billion National budget cap for next year Maldives Republic
Muizzu has made a decision to maintain the national budget for next year at a capped amount of MVR 49 billion.
Word for word from the report in Maldives Republic. Open the report
MVR 200 million Supplementary budget for transitional expenses Maldives Republic
An additional MVR 200 million has been allocated in a supplementary budget to cover transitional expenses from November 17 to December 31, as confirmed by Ghassan.
Word for word from the report in Maldives Republic. Open the report
MVR 196.2 million Budget approved for parliamentary secretaries Maldives Republic
the Parliament's General Purpose Committee has approved a budget of MVR 196.2 million for the parliamentary secretaries for 2024.
Word for word from the report in Maldives Republic. Open the report
MVR 182 million Previous year's budget for parliamentary secretaries Maldives Republic
The increment from last year's budget, which stood at MVR 182 million, has been mainly attributed to the need for funding the salaries of additional members to be elected next year.
Word for word from the report in Maldives Republic. Open the report
MVR 4.6 million Increment approved for raising staff allowances Maldives Republic
The committee had also approved an MVR 4.6 million increment for raising staff allowances, in lieu of salary increases.
Word for word from the report in Maldives Republic. Open the report
11-year Period without parliamentary staff salary increments Maldives Republic
This move comes after a long 11-year period during which the parliamentary staff had not received any salary increments.
Word for word from the report in Maldives Republic. Open the report
MVR 4.2 million Allocation for new policy initiatives Maldives Republic
Additionally, MVR 4.2 million has been allocated for new policy initiatives.
Word for word from the report in Maldives Republic. Open the report

Other events named

no clear day, as worded

The Parliament's General Purpose Committee approved a budget of MVR 196.2 million for the parliamentary secretaries for 2024. Parliament Maldives Republic
the Parliament's General Purpose Committee has approved a budget of MVR 196.2 million for the parliamentary secretaries for 2024.
Word for word from the report in Maldives Republic. Open the report

Subjects

sectors and approved topics, alphabetical

Public finance & tax

Named in these reports

alphabetical

Fathimath Niusha Majlis Secretary General Ghassan Maumoon member of the budget committee and one of the vice presidents of the Progressive Ministry of Finance Mohamed Muizzu President-elect Progressive Party of Maldives