Statutory payouts reach MVR 20.5bn

3 days ago

The “special budget”, which covers allowances for former presidents along with subsidies, transfers to government-owned companies, and other statutory expenditures, has reached MVR 20.59 billion in spending as of September 3, according to the latest figures from the Ministry of Finance.   The special budget is administered by the Ministry of Finance and includes major public-system obligations such as subsidies, council block