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
Finance Minister speaking in parliament
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.
