The Parliament Budget Committee has approved the MVR 6.5 billion Supplementary Budget submitted by the outgoing government.
The Supplementary Budget was forwarded to the Budget Committee at the end of the Parliamentary session held yesterday. The Parliament floor concluded the debate on the Supplementary Budget before sending it to the Committee.
The Supplementary Budget was passed unanimously by the Parliament Budget Committee.
The Parliament is expected to take a vote on the supplementary budget next week.
The Supplementary Budget includes MVR 3.1 billion as operational costs and MVR 3.3 billion as capital costs. The operational costs include MVR 1.8 billion to the subsidy budget and another MVR 1.2 billion to Aasandha.
This would take the total expenditure on the national health insurance scheme to a staggering MVR 2.3 billion.
The capital costs were increased as the cost of the PSIP projects increased with MVR 1.7 billion allocated for 17 PSIP projects.
This includes MVR 146 million for the Male' Thilafushi project.
The Supplementary Budget would take the total budget for this year to MVR 49.5 billion.
