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Government Disburses USD 1.7 Million in State Support to Media Outlets
The Ministry of Youth Empowerment, Information and Arts confirmed that over USD 1.7 million has been disbursed to more than 40 media outlets across the Maldives, the first direct government financial assistance to the country's media sector. The Maldives Media and Broadcasting Commission evaluated eligibility, and the ministry coordinated with the Ministry of Finance and Planning to complete the transfer, backed by a budgetary allocation of 0.1 percent of estimated state revenue.
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USD 1.7 millionState support disbursed to media outletsThe StandardMinistry of Youth Empowerment, Information and Arts (MoYEIA) has confirmed that more than USD 1.7 million has been disbursed to media outlets across the Maldives
Word for word from the report in The Standard. Open the report
over 40Media organisations benefitingThe Standardwith over 40 media organisations benefiting from the initiative
Word for word from the report in The Standard. Open the report
40 media outletsMedia outlets identified as qualifying for state assistanceThe StandardBased on criteria set by the commission, 40 media outlets were identified as qualifying for state assistance.
Word for word from the report in The Standard. Open the report
USD 1,770,398Total transferred to selected media organisationsThe StandardIn total, USD 1,770,398 was transferred to the accounts of the selected media organisations.
Word for word from the report in The Standard. Open the report
0.1 percent of the estimated state revenueBudgetary allocation for the funding programmeThe StandardThe funding programme is backed by a budgetary allocation of 0.1 percent of the estimated state revenue in this year's national budget
Word for word from the report in The Standard. Open the report