{"id":7301,"date":"2023-11-21T12:42:25","date_gmt":"2023-11-21T07:42:25","guid":{"rendered":"https:\/\/mbt.mv\/?p=7301"},"modified":"2023-11-21T12:42:25","modified_gmt":"2023-11-21T07:42:25","slug":"parliament-approves-mvr-6-5-bn-supplementary-budget","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=7301","title":{"rendered":"Parliament approves MVR 6.5 Bn supplementary budget"},"content":{"rendered":"<p>Maldives parliament on Monday, November 20, approved the MVR 6.5 billion supplementary budget for the current year.<\/p>\n<p>As approved by the budget committee, the bill was passed at the Monday&#8217;s sitting with 57 votes; but faced contention from The Democrats&#8217; 10 MPs.<\/p>\n<p>Following the legislative approval, the current state budget is at MVR 49.4 billion inclusive of the supplement.<\/p>\n<h2>Supplementary Budget Details<\/h2>\n<ul>\n<li>Recurrent Expenditure: MVR 3.1 billion<\/li>\n<li>Capital Expenditure: MVR 3.3 billion<\/li>\n<\/ul>\n<p>Under the supplementary budget allocation of recurrent expenses, MVR 1.8 billion will be spent on subsidies and another MVR 1.2 billion on Aasandha &#8211; the state-initiated health insurance scheme.<\/p>\n<p>Capital expenditure increase is attributed to the increase in expenditure towards Public Sector Investment Program (PSIP); with MVR 1.7 billion allocated for 12 projects. The largest portion of this allocation has been designated for the land reclamation project in Addu City; at MVR 344 million.<\/p>\n<p>The PSIP allocation includes another MVR 335 million for the airport development project of Haa Dhaalu atoll Hanimaadhoo and MVR 290 million to install sewerage systems in 34 islands.<\/p>\n<p>The budget also has an allocation of MVR 150 million to complete the PolCo housing units, and another MVR 146 million for the Thilamale&#8217; Bridge project.<\/p>\n<p>With the supplement, the recurrent expenditure of the state will increase to MVR 31.7 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Maldives parliament on Monday, November 20, approved the MVR 6.5 billion supplementary budget for the current year. As approved by the budget committee, the bill was passed at the Monday&#8217;s sitting with 57 votes; but faced contention from The Democrats&#8217; 10 MPs. Following the legislative approval, the current state budget is at MVR 49.4 billion<\/p>\n","protected":false},"author":4,"featured_media":7302,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2424,2428],"tags":[1301,1338,1969,1971],"class_list":{"0":"post-7301","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance","8":"category-public-sector","9":"tag-maldives-government","10":"tag-maldives-parliament","11":"tag-state-budget","12":"tag-state-budget-2023"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Parliament approves MVR 6.5 Bn supplementary budget - Maldives Business Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mbt.mv\/?p=7301\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Parliament approves MVR 6.5 Bn supplementary budget - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"Maldives parliament on Monday, November 20, approved the MVR 6.5 billion supplementary budget for the current year. As approved by the budget committee, the bill was passed at the Monday&#8217;s sitting with 57 votes; but faced contention from The Democrats&#8217; 10 MPs. Following the legislative approval, the current state budget is at MVR 49.4 billion\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mbt.mv\/?p=7301\" \/>\n<meta property=\"og:site_name\" content=\"Maldives Business Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/mvbiztimes\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-21T07:42:25+00:00\" \/>\n<meta name=\"author\" content=\"Mohamed Reehaan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:site\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohamed Reehaan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/mbt.mv\/?p=7301#article\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/?p=7301\"},\"author\":{\"name\":\"Mohamed Reehaan\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\"},\"headline\":\"Parliament approves MVR 6.5 Bn supplementary budget\",\"datePublished\":\"2023-11-21T07:42:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=7301\"},\"wordCount\":205,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=7301#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"Maldives Government\",\"Maldives Parliament\",\"State Budget\",\"State Budget 2023\"],\"articleSection\":[\"FINANCE\",\"PUBLIC SECTOR\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/mbt.mv\/?p=7301#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mbt.mv\/?p=7301\",\"url\":\"https:\/\/mbt.mv\/?p=7301\",\"name\":\"Parliament approves MVR 6.5 Bn supplementary budget - Maldives Business Times\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=7301#primaryimage\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=7301#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2023-11-21T07:42:25+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/mbt.mv\/?p=7301#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/mbt.mv\/?p=7301\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mbt.mv\/?p=7301#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/mbt.mv\/?p=7301#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/mbt.mv\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Parliament approves MVR 6.5 Bn supplementary budget\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/mbt.mv\/#website\",\"url\":\"https:\/\/mbt.mv\/\",\"name\":\"Maldives Business Times\",\"description\":\"Maldives Business Times delivers timely and in-depth English news on business, economy, and breaking events in the Maldives.\",\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/mbt.mv\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/mbt.mv\/#organization\",\"name\":\"Maldives Business Times\",\"url\":\"https:\/\/mbt.mv\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2025\/02\/background_removed_image_x5KLRjOsQMGL6jgPS4Hiew.png\",\"contentUrl\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2025\/02\/background_removed_image_x5KLRjOsQMGL6jgPS4Hiew.png\",\"width\":1312,\"height\":736,\"caption\":\"Maldives Business Times\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/mvbiztimes\",\"https:\/\/x.com\/mvbiztimes\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\",\"name\":\"Mohamed Reehaan\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ac0f3a9111db774c387735910f0eeee4432a0db79cc936fe00f3f0fb05f1af6c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ac0f3a9111db774c387735910f0eeee4432a0db79cc936fe00f3f0fb05f1af6c?s=96&d=mm&r=g\",\"caption\":\"Mohamed Reehaan\"},\"url\":\"https:\/\/mbt.mv\/?author=4\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Parliament approves MVR 6.5 Bn supplementary budget - Maldives Business Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mbt.mv\/?p=7301","og_locale":"en_US","og_type":"article","og_title":"Parliament approves MVR 6.5 Bn supplementary budget - Maldives Business Times","og_description":"Maldives parliament on Monday, November 20, approved the MVR 6.5 billion supplementary budget for the current year. As approved by the budget committee, the bill was passed at the Monday&#8217;s sitting with 57 votes; but faced contention from The Democrats&#8217; 10 MPs. Following the legislative approval, the current state budget is at MVR 49.4 billion","og_url":"https:\/\/mbt.mv\/?p=7301","og_site_name":"Maldives Business Times","article_publisher":"https:\/\/www.facebook.com\/mvbiztimes","article_published_time":"2023-11-21T07:42:25+00:00","author":"Mohamed Reehaan","twitter_card":"summary_large_image","twitter_creator":"@mvbiztimes","twitter_site":"@mvbiztimes","twitter_misc":{"Written by":"Mohamed Reehaan","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/mbt.mv\/?p=7301#article","isPartOf":{"@id":"https:\/\/mbt.mv\/?p=7301"},"author":{"name":"Mohamed Reehaan","@id":"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2"},"headline":"Parliament approves MVR 6.5 Bn supplementary budget","datePublished":"2023-11-21T07:42:25+00:00","mainEntityOfPage":{"@id":"https:\/\/mbt.mv\/?p=7301"},"wordCount":205,"commentCount":0,"publisher":{"@id":"https:\/\/mbt.mv\/#organization"},"image":{"@id":"https:\/\/mbt.mv\/?p=7301#primaryimage"},"thumbnailUrl":"","keywords":["Maldives Government","Maldives Parliament","State Budget","State Budget 2023"],"articleSection":["FINANCE","PUBLIC SECTOR"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/mbt.mv\/?p=7301#respond"]}]},{"@type":"WebPage","@id":"https:\/\/mbt.mv\/?p=7301","url":"https:\/\/mbt.mv\/?p=7301","name":"Parliament approves MVR 6.5 Bn supplementary budget - Maldives Business Times","isPartOf":{"@id":"https:\/\/mbt.mv\/#website"},"primaryImageOfPage":{"@id":"https:\/\/mbt.mv\/?p=7301#primaryimage"},"image":{"@id":"https:\/\/mbt.mv\/?p=7301#primaryimage"},"thumbnailUrl":"","datePublished":"2023-11-21T07:42:25+00:00","breadcrumb":{"@id":"https:\/\/mbt.mv\/?p=7301#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mbt.mv\/?p=7301"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mbt.mv\/?p=7301#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/mbt.mv\/?p=7301#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/mbt.mv\/"},{"@type":"ListItem","position":2,"name":"Parliament approves MVR 6.5 Bn supplementary budget"}]},{"@type":"WebSite","@id":"https:\/\/mbt.mv\/#website","url":"https:\/\/mbt.mv\/","name":"Maldives Business Times","description":"Maldives Business Times delivers timely and in-depth English news on business, economy, and breaking events in the Maldives.","publisher":{"@id":"https:\/\/mbt.mv\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/mbt.mv\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/mbt.mv\/#organization","name":"Maldives Business Times","url":"https:\/\/mbt.mv\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mbt.mv\/#\/schema\/logo\/image\/","url":"https:\/\/mbt.mv\/wp-content\/uploads\/2025\/02\/background_removed_image_x5KLRjOsQMGL6jgPS4Hiew.png","contentUrl":"https:\/\/mbt.mv\/wp-content\/uploads\/2025\/02\/background_removed_image_x5KLRjOsQMGL6jgPS4Hiew.png","width":1312,"height":736,"caption":"Maldives Business Times"},"image":{"@id":"https:\/\/mbt.mv\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/mvbiztimes","https:\/\/x.com\/mvbiztimes"]},{"@type":"Person","@id":"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2","name":"Mohamed Reehaan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mbt.mv\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ac0f3a9111db774c387735910f0eeee4432a0db79cc936fe00f3f0fb05f1af6c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ac0f3a9111db774c387735910f0eeee4432a0db79cc936fe00f3f0fb05f1af6c?s=96&d=mm&r=g","caption":"Mohamed Reehaan"},"url":"https:\/\/mbt.mv\/?author=4"}]}},"_links":{"self":[{"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/posts\/7301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/mbt.mv\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7301"}],"version-history":[{"count":0,"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/posts\/7301\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mbt.mv\/index.php?rest_route=\/"}],"wp:attachment":[{"href":"https:\/\/mbt.mv\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mbt.mv\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mbt.mv\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}