The Ministry of Finance has proposed a National Budget of MVR 56.6 billion for 2025, presenting it to Parliament on Thursday, 31 October 2024. Finance Minister Moosa Zameer said expenditure would be capped at MVR 49.2 billion, with MVR 39.8 billion expected in revenue and grants leaving a MVR 9.4 billion deficit.
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In addition to these expenditures, the budget mainly includes MVR 3.9 billion for state debt repayment
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The Ministry of Finance has presented, for parliamentary consideration, a proposed National Budget of MVR 56.6 billion for 2025.
Word for word from the report in Maldives Republic. Open the report
Minister of Finance Moosa Zameer explained that expenditure would be capped at MVR 49.2 billion, with MVR 35.9 billion allocated for recurrent expenditure and MVR 13.3 billion for capital expenditure.
Word for word from the report in Maldives Republic. Open the report
Minister of Finance Moosa Zameer explained that expenditure would be capped at MVR 49.2 billion, with MVR 35.9 billion allocated for recurrent expenditure and MVR 13.3 billion for capital expenditure.
Word for word from the report in Maldives Republic. Open the report
Earlier reports gave MVR 35.9 billion 31 Oct, 18:42 Avas (English)MVR 36.3 billion 30 Oct, 05:55 Avas (English)
Minister of Finance Moosa Zameer explained that expenditure would be capped at MVR 49.2 billion, with MVR 35.9 billion allocated for recurrent expenditure and MVR 13.3 billion for capital expenditure.
Word for word from the report in Maldives Republic. Open the report
Earlier reports gave MVR 13.3 billion 31 Oct, 18:42 Avas (English)MVR 19 billion 30 Oct, 05:55 Avas (English)
“In addition to these expenditures, the budget mainly includes MVR 3.9 billion for state debt repayment,” he said during his budget presentation.
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According to Zameer, MVR 378 million has been earmarked for capital allocations and other investments in state-owned companies.
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In addition, the administration has allocated MVR 3.2 billion for loans, including MVR 1 billion for housing loans at five percent interest.
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In addition, the administration has allocated MVR 3.2 billion for loans, including MVR 1 billion for housing loans at five percent interest.
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The state is expected to receive MVR 39.8 billion in revenue and grants next year, leaving the budget with a MVR 9.4 billion deficit.
Word for word from the report in Maldives Republic. Open the report
Earlier reports gave MVR 39.8 billion 31 Oct, 18:42 Avas (English)
The state is expected to receive MVR 39.8 billion in revenue and grants next year, leaving the budget with a MVR 9.4 billion deficit.
Word for word from the report in Maldives Republic. Open the report
Earlier reports gave MVR. 9.4 billion 31 Oct, 18:42 Avas (English)MVR 13.8 billion 13 Dec, 23:15 Maldives Republic
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