Subsidy budget exhausted with MVR 240m overspend

4 days ago

By the end of the seventh month of the year, the government has exhausted its subsidy budget and overspent by more than MVR 200 million. According to the latest figures from the Ministry of Finance, MVR 3.13 billion has been spent on subsidies as of Thursday. This is MVR 240 million higher than the MVR 2.89 billion allocated for subsidies