Budget Committee of the Parliament of the Maldives has included USD 1.36 billion in the revised State Budget as the projected state income for 2021.
Speaking on the changes brought to the State Budget by the committee, Speaker of Parliament Mohamed Nasheed said projected state income has been increased from USD 1.16 billion to USD 1.36 billion. The speaker also noted USD 8.8 million has been added for Public Sector Investment Programme (PSIP) projects, while USD 13.6 million has been deducted from domestic expenses of state institutions and offices. He stated there is a net increase of about USD 13 million to the State Budget, following the changes brought by the Budget Committee.
The speaker said the revised budget will be sent to all parliamentarians by the end of November 24. He said deliberations on the revised budget will begin next week.
The State Budget submitted by Ministry of Finance for 2021 amounts to USD 2.26 billion. Under the proposed budget the government plans to invest USD 260 million in the health sector, USD 253 million on education, USD 240 million on the social sector; as well as USD 150 million and USD 117 million on housing and infrastructure, and environmental protection, respectively.