Salim Re-appointed Chairman, Fazaid Deputy of Budget Study Committee

The People’s Majlis has re-elected Vice President Ahmed Salim as chairman of the temporary committee established to study the state budget proposed for next year. The decision was made by consensus at the committee meeting held today. Member Mohamed Mamdooh from the Funadhoo constituency proposed Salim, and Member Abdulla Sharif from the Kala constituency seconded the proposal. All committee members voted in favor. Ali Fazaid, Member from the Fuvahmulah Central constituency, has been appointed as deputy chairman. The committee decided each member will have 15 minutes to speak during the budget debate, and the Finance Minister will be given 45 minutes to answer members' questions. The proposed budget totals MVR 59,704,440,795, which is MVR 4.5 billion less than this year's budget of MVR 64.2 billion. Expenditure is projected at MVR 52.6 billion, with MVR 42.7 billion for recurrent expenses and MVR 9.9 billion for capital expenditure. Additionally, MVR 8.2 billion has been allocated to the Public Sector Investment Programme (PSIP).