Budget
2 articles
BusinessSubsidy spending doubles with budget nearing exhaustion
Subsidy spending has doubled due to rising energy prices, with MVR 2.2 billion already spent. At the current rate, the annual budget will be exhausted within a month, potentially requiring billions in additional funding. Despite the crisis, the government has yet to implement a targeted subsidy system to manage costs.
NewsPresident's Office exceeds approved budget by MVR 36 million
The President's Office exceeded its 2024 budget by MVR 36 million, a 17% increase over the approved MVR 204 million. An audit report attributes the overrun to rising employee wages, travel expenses, and a high number of political appointments.