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Government expenditure at over MVR 11 billion

by Hushma Shakir
October 7, 2019
0
Government expenditure at over MVR 11 billion

According to statistics released by Finance Ministry, the government has received an income of MVR 11.5 billion whereas the expenditure was at MVR 11.5 billion.

This is only 30% of the forecasted expenditure allocated by the annual budget.

With the statistic being released the government looks to be on track with the annual budget for the current fiscal year with a single most expenditure of MVR 1.3 billion into Public Sector Development program.

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Minister of Finance, Ibrahim Ameer stated that they have received MVR 3.2 billion this year as endowment from different countries....

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