Budget 2025: Each MP allotted 15 minutes for debate, with 45 minutes for Minister to respond to inquiries!
2 ނޮވެމްބަރު 2026 | ހޯމަ 11:34The government has proposed a 59.7 billion MVR budget for the upcoming year, marking a 4.5 billion MVR decrease compared to the current year. The budget outlines 52.6 billion MVR in expenditures, with projected revenues and grants estimated at 43.2 billion MVR, as the administration aims to ensure the uninterrupted continuation of public services and development projects.
The 59.7 billion MVR budget proposal submitted by the government for the upcoming year. | People's Majlis
The Parliament's General Purposes Committee has approved a debate structure for the government’s proposed MVR 59.7 billion budget for 2027, aimed at achieving key state targets. Under the approved timeline, each Member of Parliament will be allotted 15 minutes for floor debate, while the Minister of Finance will be granted 45 minutes to respond to inquiries from the members.
During Monday's General Purpose Committee meeting, Ibrahim Didi, the PNC Member for South Feydhoo, proposed the time allocation for the upcoming budget debate. The proposal suggests granting each member a single 15-minute slot during the general debate stage, followed by a 7-minute slot during the debate on the committee report. Additionally, under Section 235(b) of the Standing Orders of the People’s Majlis, it was proposed that the Minister of Finance be allotted a total of 45 minutes, as determined by the Speaker, to respond to points raised by members during the debate. The motion was seconded by Abdul Hannan Aboobakuru, the Member for Thulhaadhoo.
Presenting the national budget, Finance Minister Hassan Zareer announced that the government has proposed a budget of MVR 59,704,440,795 to the People’s Majlis, aimed at achieving the administration's strategic targets by 2027.
The Minister stated that this figure represents a decrease of 4.5 billion rufiyaa compared to the budget approved for 2026.
The Minister stated that the total state expenditure within the proposed budget is estimated at MVR 52.6 billion. Of this total, MVR 42.7 billion is allocated for recurrent expenditure, while MVR 9.9 billion has been earmarked for capital expenditure, which includes development projects and investments.
Minister Zareer stated that the capital expenditure includes MVR 8.2 billion allocated for Public Sector Investment Program (PSIP) projects.
The Minister stated that the state is projected to receive MVR 43.2 billion in revenue and grants next year, according to the budget estimates. The Minister noted that this figure represents an increase compared to the previous year.
The Minister noted that the proposed 2027 budget includes the necessary funding to sustain government services and carry out planned developmental projects.
Prior to the approval of the budget by the People’s Majlis, parliamentary committees will review and deliberate on the proposal, submitting any necessary amendments before finalizing the document. Once the budget is passed, implementation is scheduled to begin in January of next year.
