Ministry of Finance have revealed that a decision has been made to amend the projected state budget for this year and resubmit it to the Parliament.
Earlier this year, the Parliament approved a projected state budget for the year of MVR 37 billion. The Ministry is yet to disclose the details of the revisions but the Ministry has revealed that with the economic downturns that came along with the pandemic even in the best case scenario that the government would earn MVR 15.2 billion.
The Ministry has also announced plans to submit the projected budget for the next year before the end of next month.
