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Maldives Approves Record MVR 49.8 Billion Budget for 2024
The Maldives Parliament passed the MVR 49.8 billion 2024 National Budget on Wednesday without additional changes, following Budget Committee recommendations that redirected Fushidhiggaru Lagoon development funds to housing projects in the greater Malé area and atoll PSIPs. The budget passed with 68 votes in favour after an MDP three-line whip, with a proposed MVR 50 million increase to judicial remuneration withdrawn for lack of support.
Sources2carried itMRAE2 of 19 news outlets we monitor
Reports2one each
Reported over16 h 29 minfirst to latest report
Figures14as written, with their sentences
What happened
in order; days are read from the reports' words and dates
Wed 13 DecThe Parliament approved the revised MVR 49.8 billion budget for 2024 with a unanimous vote of 68 members.Wednesday's Parliament sessiononly Avas (English)The revised budget received unanimous approval with a vote of 68 members during Wednesday's Parliament session.
Word for word from the report in Avas (English). Open the report
Who said what
the reports' own quoted words, each once
Mr Speaker, I condemn the MDP’s parliamentary group for voting not to increase the salaries of judiciary employees and using this process to deceive the people
Within the pay harmonisation code, the included MVR 500 million will include funds for changes in the salaries of all state institutions, commissions, agencies, civil service and even police and army
This way, the entire judiciary [or] one branch of the state cannot be left to decide on the salary, [with it] in the hands of a person in the finance ministry
Different words do not mean different facts: the cards above compare headline wording only.
Who reported it, and when
2 outlets, over 16 h 29 min
Maldives Republic13 Dec, 23:15 · first report
Avas (English)14 Dec, 15:44 · 16 h 29 min later
13 Dec, 23:1514 Dec, 15:44
Newest report: Avas (English), 14 Dec, 15:44. Reports with a date and no time are listed but not placed on the line.
Claims side by side
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1 agreed0 written differently13 from one source
Agreed
More than one source gave the same figure or event.
2024 National Budget total 2024MVR 49.8 billionMaldives RepublicMVR 49.8 billionAvas (English)The Parliament, in line with the legislative body’s Budget Committee recommendations, on Wednesday passed the MVR 49.8 billion 2024 National Budget without additional changes.
Only one source we monitor stated it. That is a gap in what we monitor, not a doubt about it.
Estimated grants and income 2024MVR 33.5 billionMaldives Republicestimated grants and income is projected at MVR 33.5 billion thus leading to a budget deficit of MVR 13.8 billion
Budget deficit 2024MVR 13.8 billionMaldives Republicestimated grants and income is projected at MVR 33.5 billion thus leading to a budget deficit of MVR 13.8 billion
Deficit funded through debt 2024MVR 17.2 billionMaldives RepublicWhile MVR 17.2 billion will funded through debt, foreign budget support is projected at MVR 6.9 billion with an additional MVR 771 million funding through the sale of a green or blue bond abroad.
Funding from sale of green or blue bond abroad 2024MVR 771 millionMaldives Republicwith an additional MVR 771 million funding through the sale of a green or blue bond abroad.
Pay harmonisation allocation for salary increasesMVR 500 millionMaldives Republic“Within the pay harmonisation code, the included MVR 500 million will include funds for changes in the salaries of all state institutions, commissions, agencies, civil service and even police and army,” Nashiz said.
Proposed amendment to increase judicial employee remunerationMVR 50 millionMaldives Republican amendment proposed by the Judicial Service Commission (JSC) Chair, Member of Parliament (MP) for Thulhaadhoo, Hisaan Hussain, to increase the remuneration budget for judicial employees by MVR 50 million
MVR 49.8 billion2024 National Budget totalMaldives RepublicThe Parliament, in line with the legislative body’s Budget Committee recommendations, on Wednesday passed the MVR 49.8 billion 2024 National Budget without additional changes.
Word for word from the report in Maldives Republic. Open the report
MVR 33.5 billionEstimated grants and incomeMaldives Republicestimated grants and income is projected at MVR 33.5 billion thus leading to a budget deficit of MVR 13.8 billion
Word for word from the report in Maldives Republic. Open the report
MVR 13.8 billionBudget deficitMaldives Republicestimated grants and income is projected at MVR 33.5 billion thus leading to a budget deficit of MVR 13.8 billion
Word for word from the report in Maldives Republic. Open the report
MVR 17.2 billionDeficit funded through debtMaldives RepublicWhile MVR 17.2 billion will funded through debt, foreign budget support is projected at MVR 6.9 billion with an additional MVR 771 million funding through the sale of a green or blue bond abroad.
Word for word from the report in Maldives Republic. Open the report
MVR 771 millionFunding from sale of green or blue bond abroadMaldives Republicwith an additional MVR 771 million funding through the sale of a green or blue bond abroad.
Word for word from the report in Maldives Republic. Open the report
MVR 500 millionPay harmonisation allocation for salary increasesMaldives Republic“Within the pay harmonisation code, the included MVR 500 million will include funds for changes in the salaries of all state institutions, commissions, agencies, civil service and even police and army,” Nashiz said.
Word for word from the report in Maldives Republic. Open the report
MVR 50 millionProposed amendment to increase judicial employee remunerationMaldives Republican amendment proposed by the Judicial Service Commission (JSC) Chair, Member of Parliament (MP) for Thulhaadhoo, Hisaan Hussain, to increase the remuneration budget for judicial employees by MVR 50 million
Word for word from the report in Maldives Republic. Open the report
68 votesVotes in favour of the budgetMaldives RepublicThe budget was passed with 68 votes in favour, with the MDP parliamentary group, which has a clear parliamentary majority, having issued a three-line whip to pass the budget.
Word for word from the report in Maldives Republic. Open the report
MVR 49.8 billiontotal budget approved for 2024Avas (English)While the ministry presented a budget of MVR 49.5 billion, the modifications made by the committee increased the overall budget to MVR 49.8 billion.
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MVR 49.5 billionbudget originally proposed by Finance MinistryAvas (English)While the ministry presented a budget of MVR 49.5 billion, the modifications made by the committee increased the overall budget to MVR 49.8 billion.
Word for word from the report in Avas (English). Open the report
4 more figures
MVR 8.9 billionPSIP development spending after committee amendmentsAvas (English)However, the committee added additional projects under the PSIP and increased the budget for the sector to MVR 8.9 billion.
Word for word from the report in Avas (English). Open the report
MVR 8.6 billionPSIP development spending originally allocatedAvas (English)The original budget submitted by the Finance Ministry allocated MVR 8.6 billion for development projects under the Public Sector Investment Program (PSIP).
Word for word from the report in Avas (English). Open the report
MVR 400 millionfunds reallocated from Fushidhiggaru dredging initiativeAvas (English)Furthermore, the committee reallocated MVR 400 million, initially designated for President Dr. Mohamed Muizzu's major project, the Fushidhiggaru dredging initiative, to other projects.
Word for word from the report in Avas (English). Open the report
68 membersmembers voting in favour of the revised budgetAvas (English)The revised budget received unanimous approval with a vote of 68 members during Wednesday's Parliament session.
Word for word from the report in Avas (English). Open the report
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