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Fuel subsidy costs projected to fall to MVR 3.2 billion in 2027
Finance Minister Hassan Zareer, presenting the proposed 2027 State Budget to Parliament, said fuel subsidy spending is projected to fall to MVR 3.2 billion in 2027 from an estimated MVR 3.8 billion this year. He attributed this year's rise to higher global oil prices amid the Middle East conflict, while international forecasts point to lower oil prices next year; the proposed 2027 budget totals MVR 59.7 billion.
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MVR 3.2 billionProjected fuel subsidy costOne OnlineGovernment spending on fuel subsidies is projected to decline to MVR 3.2 billion in 2027, down from an estimated MVR 3.8 billion this year, Finance Minister Hassan Zareer has said.
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MVR 3.8 billionEstimated fuel subsidy costOne OnlineGovernment spending on fuel subsidies is projected to decline to MVR 3.2 billion in 2027, down from an estimated MVR 3.8 billion this year, Finance Minister Hassan Zareer has said.
Word for word from the report in One Online. Open the report
MVR 59.7 billionProposed 2027 State Budget totalOne OnlineThe proposed State Budget for 2027 totals MVR 59.7 billion.
Word for word from the report in One Online. Open the report