Finance Minister Reveals Additional MVR 1.5 Billion for Project Completion by Year-End

Finance Minister Hassan Zareer has announced that an additional MVR 1.5 billion will be spent by the end of this year to complete ongoing development projects. Speaking at a budget committee meeting to review the state budget submitted to the People's Majlis for the upcoming year 2027, the minister addressed concerns raised by members regarding the slow progress of island development projects. He stated that MVR 5.3 billion had been expended on projects by the end of last October and that with the additional spending, total expenditure would reach MVR 6.8 billion by year-end. Minister Zareer emphasized that the government is prioritizing project completion and will pay special attention to accelerating progress in the remaining period of this year, with similar focus planned for next year's budget.