Parliament approves MVR 5 billion supplementary budget for 2024
With the approval of this supplementary budget, the total budget for this year has now reached MVR 55 billion.
Parliament on Tuesday approved the MVR 5 billion supplementary budget proposed by the government to cover additional expenditures for the remainder of this year.
The finance ministry presented the supplementary budget to parliament on Thursday, seeking an increase of MVR 5 billion to last year's budget. The proposal was reviewed by a parliamentary committee and was unanimously approved without significant debate.
During Tuesday's session, the supplementary budget received 75 votes in favour, with 11 members voting against and no abstentions.
The main components of the supplementary budget include:
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MVR 2 billion for Public Sector Investment Programme (PSIP) projects
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MVR 441.1 million for state-owned enterprises (SOEs)
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MVR 650 million for the contingency budget
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MVR 458 million for student loans
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MVR 200 million for medical consumables
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MVR 262.6 million for medical assistance
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MVR 1.02 billion for subsidies
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MVR 24.4 million for salaries and wages
With the approval of this supplementary budget, the total budget for this year has now reached MVR 55 billion.
