Parliament passes MVR42.8 billion budget for 2023


The Parliament on Monday has passed the 2023 budget of MVR 42.8 billion. The budget was passed by 61 votes against 8.

The government has proposed a budget of MVR 42.6 billion 2023. The budget was examined by a joint committee of the Finance Committee and the Economic Committee. The committee met with independent institutions, financial institutions and deliberated on amendments to be brought to the budget.

The Budget Committee approved a budget of MVR 42.8 billion with an increase of MVR 160 million. The main changes in the budget include development projects in some sectors and changes in the budget of independent institutions.

Finance Minister Ibrahim Ameer has said that the main objective of next year’s budget is to fulfill the pledges made by President Ibrahim Mohamed Solih. Minister Ameer further noted a budget will oversee a high priority in basic necessities previously neglected that requires development.