Speaker says 2027 budget ensures stability, security and development for Maldivians

Speaker of the People’s Majlis Abdurrahim Abdullah has said that the 2027 budget is a budget that ensures the stability, security and development of the Maldivians’ tomorrow. The remarks were made at the closing session of the meeting held for the submission of the budget to the Majlis. A budget estimated at 59.7 billion rufiyaa for next year has been submitted to the People’s Majlis. Speaking at the session, Speaker Abdurrahim Abdullah said that the things planned to be done under the policy pursued by President Dr. Mohamed Muizzu to build a country for the Maldivians can be seen in the budget. He said that the budget will be studied by a joint committee of the Finance Committee and the Economic Committee. Referring to Article 33 (r) of the Rules of the People’s Majlis, the Speaker requested to study the budget and said that the budget debate agenda would be scheduled after 7 days from the date of submission of the budget in accordance with the procedure. The budget was submitted to the Majlis by Minister of Finance and Public Enterprises Hassan Zareer. After submitting the budget, the Minister requested members to approve it without making any changes to the budget so as not to lose its purpose. Furthermore, the Minister appreciated the support given by the Majlis for the country’s development and thanked them for it. In next year’s budget, expenditure is estimated to amount to 52.6 billion rufiyaa, with the bulk shared by 42.7 billion rufiyaa included as recurrent expenditure. 9.9 billion rufiyaa for capital expenditure of state development projects and 8.2 billion rufiyaa for PSIP have been included in the budget. Compared to the budget passed by the Majlis this year, next year’s budget is 4.5 billion rufiyaa less. This year’s budget is 64.2 billion rufiyaa.