Majlis passes supplementary budget for 2023
The supplementary budget was passed with the inclusion of the MVR 200 million requested by President Dr. Muizzu
People's Majlis has passed the 2023 supplementary budget
People's Majlis has passed the 2023 Supplementary budget, as approved by the Budget Committee.
The supplementary budget was passed by the Majlis with the votes of 57 members. 10 members voted against passing the supplementary budget.
MPs representing 'The Democrats' abstained from the vote.
The budget committee of the People’s Majlis passed the supplementary budget submitted for the remainder of 2023, last week.
The supplementary budget was passed with the inclusion of the MVR 200 million requested by President Dr. Mohamed Muizzu.
The Finance Ministry proposed a supplementary budget of MVR 6.5 billion. Recurrent expenditure accounts for the majority of the supplementary budget.
According to the ministry, the supplementary budget has primarily earmarked funds for expenditure on PSIP, Aasandha and subsidies as well as capital contribution to state-owned companies.
As such, MVR 1.85 billion has been earmarked as additional budget for subsidies, MVR 1.26 billion for Aasandha and MVR 1.78 billion for PSIP initiatives.
With this addition, the state budget for this year will increase to MVR 49.3 billion. The People’s Majlis passed a state budget of MVR 42.84 billion for 2023.
