Subsidy spending tops budget by MVR 1.1B

1 day ago

For this year, the government budgeted MVR 1.9 billion for subsidies, but expenditure has already reached MVR 3 billion.   According to the Finance Ministry’s Weekly Fiscal Developments, subsidy spending exceeded the allocation by MVR 1.1 billion as of November 13. While overspending continues, the figures show a slight improvement compared to last year, when MVR 3.4 billion had been spent by