Monday, March 8, 2021
Maldives Today
  • News
  • Opinion
  • Politics
  • Business
  • Economy
  • Travel
  • Video

    Video: Robots & AI – To Help Save Coral Reefs

    Video: Thanks For Litus

    Video: A Family Affair?

    Video: Sear Water From The Ice Age Discovered in Maldives | Today Maldives

    Video: Election “Fanditha”

No Result
View All Result
Maldives Today
  • News
  • Opinion
  • Politics
  • Business
  • Economy
  • Travel
  • Video

    Video: Robots & AI – To Help Save Coral Reefs

    Video: Thanks For Litus

    Video: A Family Affair?

    Video: Sear Water From The Ice Age Discovered in Maldives | Today Maldives

    Video: Election “Fanditha”

No Result
View All Result
Maldives Today
No Result
View All Result

MVR600 million for the building of 20,000 residential units

by Lumma Abdul-Hannan
November 4, 2019
0
MVR600 million for the building of 20,000 residential units

PHOTO : AVAS

In the proposed national budget for 2020, MVR 600 million has been allocated for the construction of 20,000 housing units under the Strategic Action Plan (SAP) of the government.

Finance Minister Ibrahim Ameer, who delivered the proposed budget to Parliament on Monday, said that MVR 359 million was allocated to ongoing projects in the bill, with an additional MVR 600 million allocated to the housing project scheduled to start next year. 

“The 20,000 housing units program is a large scale project targeting to address the current housing issues faced by the country’s citizens. The funds required for the project have been allocated in next year’s budget”, said the minister.

Although the minister has not revealed the islands in which the housing project will take place, it has been reported that the locations have not yet been finalized.

The Finance Ministry proposed a total budget of MVR 37.5 billion for next year. While the government has budgeted 37.5 billion MVR as next year’s expenditure, the estimated revenue is MVR 29.92, leaving the archipelago with an MVR 5.7 billion budget deficit.

Related Posts

MVR 570 million deposited to SDF

Finance Ministry to Revise State Budget and Resubmit it to Parliament

by Ahmed Nazim
September 13, 2020
0

Ministry of Finance have revealed that a decision has been made to amend the projected state budget for this year...

MVR 570 million deposited to SDF

Fronline Allowance Disbursed to 220 Workers

by Ahmed Nazim
July 29, 2020
0

The government has begun disbursing frontline allowance to workers who are working in the front lines  to stop the spread...

Maaldif.com – First Arabic Language Platform to Promote Maldives

Maaldif.com – First Arabic Language Platform to Promote Maldives

by Husen
July 14, 2020
0

Maaldif.com, a company established by previous Maldivian Islamic Minister Dr. Mohamed Shaheem Ali Saeed, is supported to dispatch an Arab-language...

Latest

Establishment of the Quota for Women in Local Councils Not Unconstitutional – Government

Establishment of the Quota for Women in Local Councils Not Unconstitutional – Government

October 8, 2020
HPA Reports Additional 19 Cases of COVID-19

Public Health Emergency Extended till November 5

October 6, 2020
Dhiraagu Net Profit Decreases

Don’t Respond to Calls and Message from Unknown Foreign Numbers – Dhiraagu

October 6, 2020
Two New Appointments Made to the High Court of Maldives

Two New Appointments Made to the High Court of Maldives

October 4, 2020

TOP 3 News

  • Civil Servant Salary Structure for 2020 Released

    Civil Servant Salary Structure for 2020 Released

    0 shares
    Share 0 Tweet 0
  • MPT Tools For a Better Work Environment

    0 shares
    Share 0 Tweet 0
  • The Barriers surrounding a Maldivian Girl

    0 shares
    Share 0 Tweet 0

Follow Us

Maldives Today

© 2019 Today.mv | All rights reserved.

No Result
View All Result
  • News
  • Opinion
  • Politics
  • Business
  • Economy
  • Travel
  • Video

© 2019 Today.mv | All rights reserved.