Organisation
Public Sector Investment Programme (PSIP)
In the news, last 90 days
Economy
Government unveils MVR 59.7 billion budget focused on fiscal stability and development
The government proposed an MVR 59.7 billion budget for 2027, down MVR 4.5 billion from 2026, with spending focused on completing already-contracted development projects and strengthening public finances. Finance Minister Hassan Zareer presented the plan to the People's Majlis, which will now review it before a vote.
Politics
President Muizzu says 70% of contracted development projects will be completed in 2027
President Dr Mohamed Muizzu announced that the proposed 2027 state budget will prioritise completing at least 70 percent of development projects already contracted rather than launching new ones. The budget is scheduled to be submitted to the People's Majlis on Thursday.
Where and about what
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