People’s National Congress lawmaker Mohamed Mamdhooh has said the Maldives is concluding a second consecutive year without submitting a supplementary budget.
Speaking during debate on the proposed state budget, the Fonadhoo MP described the absence of a mid-year top-up as an end to a previous pattern of expanding spending once the year reached its midpoint. He attributed the change to fiscal discipline under President Dr Mohamed Muizzu’s administration.
In earlier years parliament approved substantial supplementary budgets. In late 2023 an additional MVR 6.5 billion was passed, and in October 2024 a further MVR 5.1 billion raised that year’s total.
The proposed budget for 2027, presented by Finance Minister Hassan Zareer, stands at MVR 59.7 billion. This is MVR 4.5 billion lower than the allocation approved for 2026. The Maldives Monetary Authority has advised the government to keep growth in recurrent expenditure below the rate of revenue growth and to strengthen revenue measures to support medium-term deficit targets.
