K. Male'
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30 Dec 2017 | Sat 15:47
Finance Minister speaking in parliament
Finance Minister speaking in parliament
Azmoon Ahmed
Finance Ministry
State acquired MVR 18.2 billion in November, says Finance Ministry
The ministry’s month-end report revealed that the state spent MVR 18.01 billion
It had received 18.2 billion and a difference of MVR 277.6 million

State expenses in November were lower than the MVR 18.2 billion it earned, the Finance Ministry has revealed.

The ministry’s month-end report revealed that while the state spent MVR 18.01 billion, it had garnered a total of 18.2 billion, and acquired, according to the report, MVR 277.6 million.

The government received parliamentary approval for a budget of 27.9 billion for 2018, exceeding the record it set with a budget of 26.7 billion for 2017.

Even with the record budget, the government had to ask for a supplementary budget at the end of the third quarter this year.

Pro-government parliamentarians were able to pass a supplementary budget of MVR 493 million, which would make what the government received this year in excess of MVR 27.3 billion.

Last updated at: 2 years ago
Reviewed by: Aishath Shaany
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