The Muizzu government cut more than MVR 2 billion from the MVR 49.8 billion 2024 budget because it faced difficulties raising funds, with the largest reduction of MVR 912 million at the Ministry of Construction and Infrastructure. The Finance Ministry also said the Asandha national health insurance scheme and subsidy systems will be revised, with the changes implemented from next month.
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The Muizzu government has reduced more than MVR 2 billion from this year’s MVR 49.8 billion budget as part of its efforts to cut expenditure
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The Muizzu government has reduced more than MVR 2 billion from this year’s MVR 49.8 billion budget
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The Finance Ministry announced that MVR 14.6 billion was initially intended to be sourced externally, but a review of potential savings led to the decision to make significant deductions.
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The largest budget cut was from the Ministry of Construction and Infrastructure, with a reduction of MVR 912 million.
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The Ministry of Health faced a reduction of MVR 314 million
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the Ministry of Education saw its budget cut by MVR 199 million
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the Ministry of Housing had MVR 162 million deducted
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the Ministry of Sports experienced a reduction of MVR 159 million
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The Muizzu government has reduced more than MVR 2 billion from this year’s MVR 49.8 billion budget as part of its efforts to cut expenditure, following difficulties in raising funds to finance the budget.
Word for word from the report in Maldives Republic. Open the report