Parliament approves MVR 42.8 billion 2023 budget
In Monday's sitting, 61 MPs voted in favour of the committee's approval, while only eight voted against it.
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Parliament on Monday approved MVR 42.8 billion as the state budget for 2023.
The parliamentary budget review committee had earlier approved a budget of MVR 42.8 billion, an increase of MVR 160.9 million to the MVR 42.68 billion budget presented to parliament by the government.
In Monday's sitting, 61 MPs voted in favour of the committee's approval, while only eight voted against it.
The parliament also rejected the 13 amendments proposed by the opposition to reduce MVR 5 billion from the MVR 42.8 billion approved by the committee for next year.
The budget for 2023 has set a target of MVR 32 billion in revenue. The budget debt or deficit for the next fiscal year is expected to amount to MVR 8.4 billion.
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