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Government Proposes MVR 5.1 Billion Supplementary Budget
The Ministry of Finance submitted a MVR 5.1 billion supplementary budget to Parliament on Thursday, 24 October 2024, citing costs not accounted for in the 2024 national budget, including PSIP projects, subsidies, medical consumables and student loans. Finance Minister Moosa Zameer said the 2024 budget had been approved knowing MVR 60 billion was required, and that total revenue is expected to rise by MVR 640 million to MVR 34.1 billion.
LatestOpposition MPs Call Out Government on Transparency as Parliament Debates MVR 5.1 Billion Supplementary BudgetMaldives Republic, 25 Oct, 19:15
Sources1carried itMR1 of 19 news outlets we monitor
Reports2from 1 source
Reported over20 h 3 minfirst to latest report
Figures11as written, with their sentences
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.
What happened
in order; days are read from the reports' words and dates
Thu 24 OctThe Ministry of Finance submitted a MVR 5.1 billion supplementary budget for parliamentary consideration.ParliamentThursdayonly Maldives RepublicThe Ministry of Finance on Thursday submitted a MVR 5.1 billion supplementary budget for parliamentary consideration.
Word for word from the report in Maldives Republic. Open the report
Who said what
the reports' own quoted words, each once
The Solih administration passed the budget for 2024 knowing that MVR 60 billion was required
the current administration will seek parliamentary approval, as per Finance Act requirements, for expenditure expected to be incurred in the coming months
However, we were acting in a manner such that the people would see both sides and the statistics would be transparent. The Public Accounts Committee in Parliament also presented the statistics to the people every year, and every time a sup…
I am talking about a budget of MVR 50 billion being spent [completely]. It feels small saying it out loud, Honourable Speaker. But if you laid it [the money] out on the Parliament's floor, there would be no space left; we would need to put…
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
Who reported it, and when
1 outlet, over 20 h 3 min
Maldives Republic24 Oct, 23:12 · first report25 Oct, 19:15 · 20 h 3 min later
24 Oct, 23:1225 Oct, 19:15
Newest report: Maldives Republic, 25 Oct, 19:15. Reports with a date and no time are listed but not placed on the line.
Figures in these reports
as written, with the sentence they come from
MVR 5.1 billionSupplementary budget submittedMaldives RepublicThe Ministry of Finance on Thursday submitted a MVR 5.1 billion supplementary budget for parliamentary consideration.
Word for word from the report in Maldives Republic. Open the report
2 billionPSIP allocationMaldives Republicout of the MVR 5.1 billion, MVR 2 billion will be spent on PSIP.
Word for word from the report in Maldives Republic. Open the report
MVR 60 billionBudget requirement stated by Finance MinisterMaldives RepublicThe Solih administration passed the budget for 2024 knowing that MVR 60 billion was required, Finance Minister Moosa Zameer told Parliament
Word for word from the report in Maldives Republic. Open the report
MVR 49.8 billionParliament-approved national budget 2024Maldives RepublicThe Parliament-approved National Budget for the year 2024 was valued at MVR 49.8 billion.
Word for word from the report in Maldives Republic. Open the report
74 percentShare of approved budget spentMaldives RepublicAccording to figures shared by the Finance Ministry, 74 percent of the MVR 49.8 billion approved for this year had been spent as of last month.
Word for word from the report in Maldives Republic. Open the report
MVR 640 millionAdditional state revenue expectedMaldives RepublicAn additional MVR 640 million is expected in terms of state revenue, bringing total revenue to MVR 34.1 billion.
Word for word from the report in Maldives Republic. Open the report
MVR 34.1 billionTotal revenue after supplementMaldives RepublicAn additional MVR 640 million is expected in terms of state revenue, bringing total revenue to MVR 34.1 billion.
Word for word from the report in Maldives Republic. Open the report
MVR 55 billionProjected total budget for 2024 with supplementMaldives RepublicWith the proposed budget supplement, the total budget for 2024 is now projected to be closer to MVR 55 billion.
Word for word from the report in Maldives Republic. Open the report
5.1 billionsupplementary budget proposedMaldives RepublicSpeaking during deliberations to consider the 5.1 billion Supplementary Budget proposed by the Muizzu administration
Word for word from the report in Maldives Republic. Open the report
MVR 50 billion2024 national budgetMaldives Republicthe almost MVR 50 billion budget passed for 2024 was spent
Word for word from the report in Maldives Republic. Open the report
1 more figure
MVR 2 billionsupplementary budget allocated to PSIP projectsMaldives RepublicOf the MVR 5 billion Supplementary Budget, MVR 2 billion, according to the Ministry, has been allocated for PSIP projects.
Word for word from the report in Maldives Republic. Open the report
These reports are matched by their headlines, so one may be a different story: check each.
