Independent institutions raise concerns over budget cuts
05 Dec 2011, 6:40 PM
Hawwa Lubna
Several independent institutions, including the Maldives National University (MNU), have raised concerns over cuts made by the Finance Ministry to their proposed budgets for 2012.
The program-based budget submitted by some of the institutions was revised by the Finance Ministry to maintain recurrent expenditure in line with projected income.
The Rf 14.6 billion (US$946.8 million) state budget for 2012, was submitted to parliament on November 28 by Finance Minister Ahmed Inaz. It is now being reviewed by parliament’s budget review committee headed by local business tycoon, MP Gasim Ibrahim.
The committee met with senior officials of the Local Government Authority (LGA) and the MNU this week, as well as several other institutions, during which they complained about cuts made by the Finance Ministry during the revision process prior to the submission to parliament.
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