New government’s pledges included in MVR30bn budget for 2019
A supplementary budget could be proposed next year.
13 Nov 2018, 9:00 AM
Finance Minister Ahmed Munawar submitted to parliament Tuesday an MVR29.6 billion (US$1.9 billion) budget for 2019 on behalf of the new administration due to take office next week.
The budget was formulated by a transition team representing president-elect Ibrahim Mohamed Solih to reflect his policies, Munawar told MPs.
“In this regard, this budget paves the way to reach ‘Jazeera Dhiriulhun’ [island life] by solving the economic and social constraints faced in islands,” according to the finance ministry. “Further, to achieve ‘Noo Iguthisaadu’ [blue economy], this budget would give additional support to enhance the benefits from economic activities in Maldives.”
Munawar, who used most of his speech to defend the the outgoing administration’s track record, suggested the public will benefit from flagship projects such as the Sinamalé bridge, the Dharumavantha hospital, and the expansion of the international airport.
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