Weekly Fiscal Development Report
11 articles
State spending soars as soaring payroll and subsidies push budget deficit to MVR 1.4bn
State revenue surges to MVR 24.1bn as of July 23
Spending on salaries and allowances continues to rise, with the budget deficit reaching MVR 1.4 billion
State spending surges past MVR 34bn mid-year: expenditure jumps 45 percent as public deficit emerges
Recurrent costs consume 87 percent of state budget as PSIP spending plunges, deficit hits MVR 1.5bn
87 percent of budget spent on recurrent expenditure; PSIP spending drops by 16 percent as budget deficit hits 1.5 billion
State Budget Records MVR 1.5 Billion Deficit
State budget deficit reaches MVR 1.5 billion
Spending on subsidies increases by 77 percent
