Budget could reach MVR 3 billion without reform measures

Parliament is currently studying the budget and has allocated MVR 1.9 billion for six subsidies next year. If reform measures are not taken, the total cost of subsidies will increase to MVR 4 billion.

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Parliament's Budget Review Committee -- Photo: Nishan Ali

Malika Shahid

2024-11-16 14:05:41

The budget will increase to MVR 3 billion if the measures included in the budget are not taken to reduce government expenditure, Ministry of Finance said.

According to the detailed budget report released by the ministry, subsidy expenditure will increase by MVR 2.1 billion next year if the principle of giving subsidies to those most in need is not implemented.

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