Maldives: Budget for 2021 to come up next week in Parliament

The Maldives’ Finance Minister Ibrahim Ameer will present the country’s budget for the year 2021 on 9 Nov in parliament, informed speaker Muhammad Nasheed

Nov 03, 2020
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The Maldives’ Finance Minister Ibrahim Ameer will present the country’s budget for the year 2021 on 9 Nov in parliament, informed speaker Muhammad Nasheed. 

The proposed budget, around $2.5 billion, was submitted to the parliament on Sunday by the finance ministry. The speaker of the parliament,  in a parliament sitting on Monday, informed about the budget and said, “The minister is scheduled to present the budget on Monday, that is 9th of this month,”  Sun news quoted him as saying. 

Nasheed also said he plans to complete work on the proposed budget by the first week of December. The finance ministry had to revise its budget for 2020 as the country’s revenue dwindled and expenditures rose due to the pandemic.    

Earlier the parliament had passed a $2.4 billion projected budget for the current year. 

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