Next year

The President’s Office has said that the estimated budget for 2016 that would be submitted at the Parliament tomorrow would be MVR 27.457 billion.

This is a bigger budget than this year’s MVR 24.3 billion.

Spokesperson of the President’s Office, Ibrahim Muaz Ali tweeted today saying that next year’s estimated budget to be submitted at the Parliament was discussed at a cabinet meeting today.

"2016 vana aharah lafaa kuraa dhaulathuge budget ge jumla adhadhaky 27.457 billion dhivehi rufiyaa" -im

— Ibrahim Muaz Ali (@SpokespersonMV) November 11, 2015

The budget which was originally scheduled to submit to the Parliament before the end of the past month was delayed due to the attack on the Presidential Launch. The Financial Law says that the budget has to be presented at the Parliament by the end of October.

The Parliament passed MVR 24.3 billion as the budget for this year with an expected return of MVR 21.5 billion.

A recurrent of 15.8 billion was estimated for the budget with a capital of 8.5 billion.