Record budget submitted on behalf of president-elect
The 2019 budget is MVR29.6 billion (US$1.9 billion).
01 Nov 2018, 9:00 AM
The finance ministry on Wednesday submitted to parliament a record budget of MVR29.6 billion (US$1.9 billion) for next year.
The 2019 budget was prepared by the incoming administration of president-elect Ibrahim Mohamed Solih. It was submitted to parliament without any changes, finance ministry officials told the media.
The finance ministry asked Solih’s transition team to submit a budget following the joint opposition candidate’s decisive victory in September’s presidential election.
The new president’s first budget is about MVR3 billion higher than the record MVR27.9 billion (US$1.8 billion) budget passed for 2018.
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.
