The Finance Ministry said the proposed supplementary budget of MVR 5.1 billion would raise the total 2024 budget to MVR 55 billion, with the projected deficit rising from MVR 16.3 billion to MVR 18.4 billion. Finance Minister Moosa Zameer presented the request at Thursday's parliamentary session, saying the original budget was poorly constructed rather than exhausted.
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Presenting the supplementary budget at Thursday’s parliamentary session, Finance Minister Moosa Zameer emphasized that the request for additional funding is not due to the exhaustion of the state budget.
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The Finance Ministry has stated that the proposed supplementary budget of MVR 5.1 billion will increase the total budget for this year to MVR 55 billion.
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Earlier reports gave MVR 5 billion 20 Oct, 16:27 Avas (English)MVR 6.5 billion 31 Oct, 18:19 Maldives Republic
the addition of the supplementary budget to the existing MVR 49.5 billion approved budget for this year brings the total budget to MVR 55 billion
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the addition of the supplementary budget to the existing MVR 49.5 billion approved budget for this year brings the total budget to MVR 55 billion
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With this increase, the projected budget deficit will increase from MVR 16.3 billion to MVR 18.4 billion.
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the projected budget deficit will increase from MVR 16.3 billion to MVR 18.4 billion.
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the budget revenue is now expected to reach MVR 36.4 billion
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recurrent expenditure will total MVR 36.3 billion.
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Earlier reports gave MVR 9.7 billion 10 May, 19:36 Maldives RepublicMVR 2.5 billion 9 Feb, 22:53 Maldives Republic
Capital expenditure has been revised to MVR 19 billion
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Earlier reports gave MVR 3.3 billion 16 Nov, 20:40 Maldives Republic
budget financing will also stand at MVR 19 billion, which includes MVR 1.4 billion in foreign loan assistance and MVR 3 billion from the domestic market.
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which includes MVR 1.4 billion in foreign loan assistance and MVR 3 billion from the domestic market.
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MVR 3 billion from the domestic market.
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the supplementary budget will increase the amount allocated for student loans to MVR 1 billion
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and corporate expenditure to MVR 2.1 billion.
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