Budget 2024

35 articles

Compensation payouts exceed budgeted MVR 101 million

The government spent MVR 107.4 million on compensation by April 18, which is MVR 6.4 million above the amount approved in the 2024 budget.

2 years ago

Business

"Development projects halted to secure funding"

The opposition alleges the government of stalling development projects. Meanwhile, official statistics also show low spending on Public Sector Infrastructure Program (PSIP) projects.

2 years ago

Business

Compensation payouts exceed budgeted MVR 101 million

"Development projects halted to secure funding"

MVR 2.1 billion raised from T-bill sales

MVR 24 million paid out as compensation

Parliament approves MVR 49.8 billion budget for 2024

Bigger budget allocated for independent institutions

Cost cutting to begin in July

"Budget unaligned with fiscal strategy"

Unpaid taxes, resort rent rises

MVR 22 from MVR 100 for debt repayment

New government backs targeted subsidies

MVR 600 million for Hiya elevators, Fushidhiggaru

Pay rise proposed for all state employees

MVR 200 million added to budget upon Muizzu's request

MVR 6 billion supplementary budget to parliament