Majlis approves MVR 36.99bn budget for 2022
24 ނޮވެމްބަރު 2021 | ބުދަ 12:54The members who voted against, represent the opposition, Progressive Party of Maldives (PPM).
During Wednesday’s parliament sitting, 64 parliamentarians voted in favor of the budget with amendments by the budget committee
The People’s Majlis has approved a state budget of MVR 36.9 billion for 2022.
During Wednesday’s parliament sitting, 64 parliamentarians voted in favor of the budget with amendments by the budget committee, while eight voted against.
The Parliamentary Group of main ruling Maldivian Democratic Party (MDP) had issued a whip-line for votes to approve the budget, with parliamentarians taking to the Majlis floor to request for votes.
The members who voted against, represent the opposition, Progressive Party of Maldives (PPM).
Minister of Finance Ibrahim Ameer presented the MVR 36.92 billion budget to parliament in late October. It was forwarded to parliament by the budget committee after bringing several changes during the review period.
As such, the committee added MVR 73.8 million to the budget which increased the total state expenditure to MVR 34.10 billion, with which the passed budget sits at MVR 36.99 billion.
The Budget Committee passed the proposed budget after adding MVR 73 million for the implementation of PSIP projects, the additional funds are MVR 57.4 million for PSIP projects at 82 islands.
The additional funds also include MVR seven million to implement People’s Majlis new policy initiatives as well. Further, it also includes MVR 500,000 for the digitalization of the Department of Judicial Administration, MVR 1.69 million for the digitalization of civil services and for other projects under the judicial transformation of civil service, MVR 865,636 for the procurement of staff to boost Family Protection Authority services, MVR 2.2 million for hiring employees to the Ombudsperson's Office for Transitional Justice, MVR 3.9 million for the hiring of more staff to the Anti-Corruption Commission to complete the MMPRC scandal probe, MVR 204,000 for seeking a law firm to represent the Information Commissioner’s Office and MVR 73,756.026 which adds up to MVR 16,433,418 for independent institutions.
Inclusive of revenue and grants, the projected revenue in total is MVR 24.3 billion, meaning that an 11.1 percent of GDP deficit of MVR 9.7 million is predicted.
In order to finance the state budget 2022, MVR 13.4 billion is required in total including MVR 9.7 billion in deficit, MVR 2.9 billion in loan repayment as well as the MVR 769.2 million for sovereign development fund transfers and MVR 35.7 million for other purposes.
Minister Ameer expects the government to receive a total of MVR 24.3 billion as revenue and grants in 2022, including 15.4 billion as tax revenue and MVR six billion as non-tax revenue. MVR 2.9 billion has been anticipated to be received in grants and other sources of revenue.
