Parliament expedites MVR1.7bn supplementary budget
Parliamentary approval was sought for additional spending.
25 Aug 2019, 9:00 AM
A supplementary budget submitted for parliamentary approval by the finance ministry is due to be put to a vote on Monday night.
Speaker Mohamed Nasheed sent the budget to a committee at the start of Sunday’s sitting and urged lawmakers to complete its review within a day. The former president said he intends to schedule a sitting for Monday night to approve the budget. MPs will have until Monday night to propose amendments, he said.
Parliamentary approval was sought for MVR1.7 billion (US$110 million) in additional spending. The forecast for expenditure in the record 2019 budget was MVR27 billion.
The fiscal deficit is projected to increase from MVR4 billion to MVR4.9 billion.
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