Councils to get MVR 2.5bn as block grant next yea

1 day ago

The Finance Ministry has allocated a budget of MVR 2.5 billion as the block grant for councils next year. The Decentralization Act stipulates the allocation of 5 percent of the annual projected state revenue towards providing block grants to local councils. Councils were disbursed MVR 2.15 billion in block grants last year, and MVR 2.25 billion the year before. The block grants