Spending on subsidies increases by 77 percent
According to the Weekly Fiscal Development report released by the Ministry of Finance, government spending on subsidies reached MVR 2.2 billion as of May 14, marking a 77 percent increase compared to the MVR 1.2 billion spent during the same period last year. The report further highlights that total expenditure on subsidies and grants so far this year has climbed to MVR 5.2 billion, an increase of MVR 1.7 billion over the MVR 3.5 billion recorded during the corresponding period in the previous year.
Expenditure on subsidies has reached MVR 2.2 billion so far this year, marking a 77 percent increase compared to the MVR 1.2 billion spent during the same period last year. | RaajjeMV
Statistics released by the Ministry of Finance indicate that government spending on subsidies so far this year has increased by 77 percent compared to the same period in 2024.
According to the Weekly Fiscal Development report released by the Ministry of Finance, the government has spent MVR 2.2 billion on subsidies as of May 14. This marks a 77 percent increase compared to the MVR 1.2 billion spent during the same period last year.
According to the report, 5.2 billion MVR has been spent on subsidies and aid so far this year. This marks an increase of 1.7 billion MVR compared to the 3.5 billion MVR spent during the same period last year. Statistics indicate that the amount disbursed for subsidies and aid has risen by 48 percent compared to the previous year.
However, spending on Aasandha and welfare remains relatively stable. So far this year, 804 million MVR has been spent on Aasandha, compared to 806 million MVR during the same period last year.
Expenditure on healthcare assistance reached MVR 91.5 million during this period of the year, marking a decrease compared to the MVR 113 million spent during the same period last year.
Furthermore, statistics from the Ministry of Finance indicate that over one billion rufiyaa has been disbursed as miscellaneous grants and aid so far this year. This figure is double the amount issued for the same category during the corresponding period last year.
