Public Sector Investment Programme

Finance minister submits record MVR27bn budget for 2016

While MVR21.5 billion was expected in revenue this year, Finance Minister Abdullla Jihad said the government will only have earned MVR17.7 billion by the end of the year. The forecast deficit was MVR1.3 billion, but the figure is likely to reach MVR3.6 billion or 6.9 percent of GDP.

Audit uncovers illegal expenditure by Works Corporation

Parliament passes MVR 15.3 billion budget for 2013

Population consolidation, rightsizing public sector essential to address budget deficit: Auditor General

Finance Ministry instructs offices to implement cost-cutting measures

Proposed budget faces cross-party criticism

President Waheed requests parliamentary approval for loans of over US$96 million