Govt spends excess MVR 400 mil despite paused projects

10 hours ago

The government has spent an excess of MVR 400 million from the budgeted total on procuring machinery and equipment despite projects being put on halt owing to budget contractions. According to the fiscal updates from the Ministry of Finance as of December 12, 2024 the government has received a year-to-date revenue of MVR 32.3 billion, while it had spent MVR 44.6