MVR 4 Billion Spent on SOEs as of July
While there are 23 state-owned enterprises (SOEs), MVR 4 billion from the state’s budget had been spent on these companies...
Government Compensation Payouts Balloon to Over 270 Percent of Allocated Amount
The government has spent nearly three times the budgeted allocation for compensation payouts, as per records released by the Ministry...
State Budget Expected to Hit MVR 48.4 Billion After Supplementary Input
The government has submitted to the parliament a supplementary budget proposal of MVR 6.5 billion, targeting additional expenditures in healthcare,...
Mounting SOE Debt Places Significant Strain on State Budget: Finance Ministry
The state has approved approximately MVR 300 million in treasury loans so far this year to meet the cash flow...
State Budget Woes: An Analysis of Fiscal Struggles and Remedial Measures
In a concerning report on the fiscal climate, the Ministry of Finance has shed light on the intricate challenges besetting...
