Committee adds MVR 366 million to state budget 2020

The Budget Committee has added MVR 366 million to the state budget for 2020, and forwarded its report to the parliament floor.

The proposal for the state budget 2020 on MVR 37.5 billion was presented at a parliament sitting on 4 November and forwarded for committee review the same day, it was evaluated jointly by the Public Accounts Committee and the Committee on Economic Affairs as stipulated under the parliament regulations. As such, the Budget Committee was chaired by MP for Kinbidhoo constituency Mohamed Nashiz with Alifushi constituency MP Mohamed Rasheed Hussain as Vice Chair.

The report compiled by the committee was publicized via the People’s Majlis official website on Monday.

Included in the report are adding MVR 93.5 million to the budget for independent institutions and adding MVR 273.3 million to the proposed PSIP budget of MVR 10.1 billion.

With the amendments, the budget now totals MVR 37,971,314,865 (37.8 billion) and they were brought with the unanimous agreement from all members present at the committee.

Parliament concluded deliberations for the proposed state budget for the upcoming year, on 19 November.

Presenting the budget, Minister Ameer revealed that the first time the ministry has been able to compile a state budget under the government’s manifesto and “Jazeera Raajje” or island nation, vision. The budget is expected to provide an easier lifestyle for the people.