MVR 4 billion from the state budget had been spent on the Maldives' 23 state-owned enterprises as of July, according to Ministry of Finance statistics released through media information requests. MVR 1.4 billion was provided as capital to 21 companies, while MVR 2.8 billion was allocated to fund subsidies during the first seven months of the year.
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
Companies are going to spend a lot of money. The leakage is very big. Therefore, the administration is taking steps to reduce the cost incurred through companies
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MVR 4 billion from the state’s budget had been spent on these companies as of July
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The administration had provided a total of MVR 1.4 billion in capital to 21 companies.
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1 Fahi Dhiriulhun Corporation 380.4 million
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MVR 2.8 billion was allocated to fund subsidies during the first seven months of the year, it was revealed.
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1 State Trading Organization 1.2 billion Fuel and Staples
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2 Fenaka 597 million Power
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While there are 23 state-owned enterprises (SOEs)
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