Maldives' budget deficit projected to reach MVR 13 billion

Ministry of Finance projected that the state deficit would reach MVR 13 billion this year, as a result of economic repercussions caused by the global COVID-19 pandemic.

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Finance Minister Ibrahim Ameer speaks at an NEOC press conference regarding the COVID-19 situation in Maldives. FILE PHOTO/MIHAARU

Fathmath Shaahunaz

2020-04-24 14:14:51

Ministry of Finance projected that the state deficit would reach MVR 13 billion this year, as a result of economic repercussions caused by the global COVID-19 pandemic.

Finance Minister Ibrahim Ameer made the statement during a press briefing held Friday afternoon, to discuss the ministry's paper on the economic and fiscal situation of Maldives due to the coronavirus crisis.

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