Government Slashes Over MVR 2 Billion from 2024 Budget Amid Funding Shortfall
The Muizzu government has reduced more than MVR 2 billion from this year’s MVR 49.8 billion budget as part of…
2024 Project Spending Down, Expenditure on Salaries Up Compared to Same Period in 2023
Project spending was down compared to the same period last year, while more was spent on salaries, according to the…
Government Denies Switching Hulhumalé Phase III Plots to Fushidhiggaru
The administration has denied allegations that it has decided to substitute land plots given to those in Hulhumalé Phase III…
Maldives Approves Record MVR 49.8 Billion Budget for 2024
The Parliament, in line with the legislative body’s Budget Committee recommendations, on Wednesday passed the MVR 49.8 billion 2024 National…
National Budget for 2024 Does Not Align With Stated Fiscal Policy: Audit Office
The Auditor General’s Office has expressed concern that the 2024 National Budget does not reflect the government’s fiscal strategy. The…
Budget 2024 Forecasts 5.3% Rise Amidst Political Transition
The Ministry of Finance has forecast a 5.3% increase in the state budget for 2024, setting it at an estimated…
