The proposed state budget for the year 2022 has allotted MVR 4 billion for the education sector.
Finance Minister Ibrahim Ameer delivered the budget statement to the Parliament on Sunday morning.
The government proposed a budget of MVR 36.9 billion in total for next year.
The projected total expenditure inclusive of loan repayments and contributions to international financial institutions is MVR 36.9 billion – whilst the projected total revenue inclusive of revenue and grants is MVR 24.2 billion. This means a deficit of MVR 9.7 billion – which is 11.1 percent of the GDP.
From the proposed budget – MVR 4 billion has been allotted for the education sector which is divided as follows;
With these allocations – MVR 3.1 billion is being spent on primary and secondary education whereas MVR 949 million is being spent on tertiary education.
HEALTH SECTOR ALLOTTED MVR 4.6 BILLION
From the proposed budget – MVR 4.6 billion has been allotted for the health sector which is divided as follows;
With these allocations – the recurrent expenses of the health sector stand at MVR 3.97 billion whereas the capital expenses stand at MVR 662 million.
MVR 1 BILLION ALLOTTED FOR ENVIRONMENT PROTECTION
From the proposed budget – MVR 1 billion has been allotted for environment protection which is divided as follows;
With these allocations – the recurrent expenses for environment protection are totaled at MVR 97 million whereas the remaining MVR 1.44 million is for capital expenses.