Budget 2023

8 articles

Expenditure exceeded by MVR 2 billion in 2023

According to the audit of the financial statements, a total of MVR 57.8 billion was spent in 2023 with MVR 2.1 billion more than the budget approved by the parliament.

1 year ago

News

"Tax hike due to failure of government's financing strategy"

The government announced green signals and assured the people that assistance from the International Monetary Fund (IMF) were not required, but these claims were not true, Ameer said.

1 year ago

Business

Expenditure exceeded by MVR 2 billion in 2023

"Tax hike due to failure of government's financing strategy"

Fiscal strategy target not achieved

MVR 3 billion for budget to be raised from domestic market

Parliament approves supplementary budget

93 percent of supplementary budget funded through debt

MVR 6 billion supplementary budget to parliament

Aasandha, subsidies over budget by half billion