State Budget

Did not propose supplementary budget due to lack of funds: Pres. Office

  • After the government’s decision to propose a supplementary budget, the opposition demanded an explanation from the administration after claiming that the money in this year’s state budget had run out
  • President’s Office spokesperson Ibrahim Hood said the supplementary budget was proposed to include aid from foreign countries and international organizations in the projects
  • Most of the aid was provided by India, for the Maldives government to develop schools and health centers in the islands. India has also provided a USD 800 million loan from the EXIM bank

Humaam Ali
HumaamAli

K. Male' 2019 Aug 17 | Sat 20:59 1,364 local

The parliament approved a state budget of MVR 30.2 billion for this year - Mohamed Sharuhaan

President’s Office has stated that they did not propose a supplementary budget after running out of funds in this year’s state budget.

The parliament approved a state budget of MVR 30.2 billion for this year.

After the government’s decision to propose a supplementary budget, the opposition demanded an explanation from the administration after claiming that the money in this year’s state budget had run out.

Speaking to RaajjeMV, President’s Office spokesperson Ibrahim Hood said the supplementary budget was proposed to include aid from foreign countries and international organizations in the projects, highlighting the need to include the cost of the government pledge to provide a degree education for students abroad in the budget.

Most of the aid was provided by India, for the Maldives government to develop schools and health centers in the islands. India has also provided a USD 800 million loan from the EXIM bank.

At last year’s parliamentary budget committee meeting, Finance Minister Ibrahim Ameer said that a supplementary budget would be proposed after drafting a master plan for national development.

Last updated at: 1 month ago | Reviewed by: Aishath Shaany

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