Parliament permits state to exceed budget limit on selling bonds

The Parliament, on Monday night, permitted the incumbent administration to sell more bonds than the predetermined amount in the state budget.

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MPs at a parliament sitting. PHOTO: PARLIAMENT

Shahudha Mohamed

2020-08-31 23:15:49

The Parliament, on Monday night, permitted the incumbent administration to sell more bonds than the predetermined amount in the state budget.

According to the state budget, MVR 4.6 million can be generated by selling bonds internationally, while MVR 930 million can be generated by selling bonds locally.

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