Subsidy
11 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.
NewsMVR 1.5 billion spent on subsidies after exhausting budget
The subsidy budget ran out because the government did not change to a targeted subsidy system as earlier planned.
Business
Budget 2026: No plans to introduce targeted subsidies
News
Millions spent over budget for Aasandha and subsidies
News
Concern over subsidy cuts while PNC praises budget
Business
Subsidy change in April, prices to rise by 3.9 percent
News
New government backs targeted subsidies
News
MVR 6 billion supplementary budget to parliament
Business
Subsidy overhaul in July, half a billion can be saved
Business
No choice but belt tightening, World Bank advises
News