Expenditure on major development projects declines

While the total state budget for this year is MVR 49.8 billion, the government has spent MVR 18.8 billion so far this year.

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[File] A development project in an island

Malika Shahid

2024-06-19 10:37:32

Government spending on major development projects has declined compared to the same period last year.

According to the Ministry of Finance, capital expenditure so far this year stands at MVR 3.5 billion, which is 50 percent lower than the same period last year.

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