Record MVR27.5billion budget passed for 2016
The parliament passed today a record MVR27.5billion (US$1.7billion) budget for 2016 as proposed by the finance ministry. The MDP issued a three-line whip against the budget. Some 11 amendments proposed by the party were voted out.
23 Nov 2015, 9:00 AM
The parliament passed today a record MVR27.5billion (US$1.7billion) budget for 2016 without major revisions. Some 59 MPs voted in favor.
The only change brought was a hike of MVR20million (US$1.2million) for the judiciary.
The main opposition Maldivian Democratic Party issued a three-line whip against the budget. Some 11 amendments proposed by the party were voted out.
The deficit stands at MVR3.4billion (US$220million). A third of the budget is allocated for wages, while recurrent expenditure comprises 59 percent of the budget.
Become a member
Get full access to our archive and personalise your experience.
Already a member?
Discussion
No comments yet. Be the first to share your thoughts!
No comments yet. Be the first to join the conversation!
Join the Conversation
Sign in to share your thoughts under an alias and take part in the discussion. Independent journalism thrives on open, respectful debate — your voice matters.
